Talkin' Freddie Mac Smack

From Newsweek:

When asked about his own campaign manager's associations with the mortgage
giants, McCain, in an interview with CNBC Sunday night, said that Davis "has had
nothing to do" with the Homeownership Alliance since it disbanded and "I'll be
glad to have his record examined by anybody who wants to look at it." (The
Homeownership Alliance was set up and funded by both Freddie Mac and Fannie Mae to promote the goal of home ownership and counter efforts to impose tighter
regulations on the two federally sponsored entities.)

Turns out, someone(s) did want to look at the record. What they found out:

...Davis's lobbying firm, Davis Manafort, based in Washington, D.C., continued
to receive $15,000 a month from Freddie Mac until last month—long after the
Homeownership Alliance had been terminated.

So in a nutshell, we are back to branding McCain and Davis liars, liars, pantses on fire. Not that we ever stopped.

Also from Newsweek:

Two law enforcement officials said Tuesday the FBI is looking at potential fraud
by mortgage finance giants Fannie Mae and Freddie Mac, and insurer American
International Group Inc. Additionally, a senior law enforcement official said
Lehman Brothers Holdings Inc. also is under investigation.

Soooo, the FBI is checking to see if anything funky might have been going on with these corporations. Ya think? Considering the feds have known that Fannie Mae and Freddie Mac have been cooking their books for years, I wonder what the sudden urgency is? Maybe it's that embarrassing chafing lawmakers are feeling at the idea of giving a trillion dollar blank check to Hank Paulson to bail out these mortgage crooks while their constituents facing foreclosure continue to be kicked to the curb.