Freddie Mac Paid GOP Firm to Kill Regulatory Bill
In the New York Post, Freddie Mac paid a Republican consulting firm, DCI, whose chief executive was Doug Goodyear, the lobbyist that was tapped to run the Republican National Convention but later resigned when his connections to the brutal regime in Myanmar were unearthed.
Freddie Mac secretly paid a Republican consulting firm $2 million in a bid to kill legislation three years ago that would have regulated and trimmed the mortgage finance giant and its sister company, Fannie Mae.
Freddie - which along with Fannie this year has required a taxpayer-back rescue plan to avoid collapse - hired the Washington consulting firm DCI to target a regulatory overhaul bill sponsored by Sen. Chuck Hagel, R-Neb. In a yearlong effort, the firm lobbied 17 Republican senators in 13 states, according to documents obtained by the Associated Press. The bill died January 2007.
DCI's chief executive is Doug Goodyear, whom John McCain's campaign hired to manage the GOP convention in September.
Comments (6) «
« Hide Comments
Post a comment
Thanks for signing in,
.
Now you can comment.
(sign out - change name - manage account)
