Franklin Raines & McCain
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Franklin Raines & McCain
source: http://en.wikipedia.org/wiki/Franklin_Raines#cite_note-23
In 2008 September U.S. Presidential candidate Senator John McCain has sought to tie Raines to McCain's opponent Barack Obama, in an effort to discredit Obama on economic issues. McCain quoted the Washington Post articles stating that Raines advises Obama. Raines and Obama state that he does not.[24] [25] The McCain campaign has made claims that the reference to Raines as an Obama advisor first appeared in the Post months before the McCain ad, and that the Obama campaign didn't seek a correction at the time[26]; however, the actual Post article referenced was written by Anita Huslin, who profiled Raines for the newspaper in July and in the article she wrote that Raines had �taken calls from Barack Obama�s presidential campaign seeking his advice on mortgage and housing policy matters.�[27], but Huslin never made any claims that Raines was an Obama adviser in the article....The Washington Post characterizes John McCain's attempts to connect Sen. Obama with Franklin Raines based on their reporting as "a stretch
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Loan Titans Paid McCain Adviser Nearly $2 Million
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By DAVID D. KIRKPATRICK and CHARLES DUHIGG
Published: September 21, 2008
Senator John McCain�s campaign manager was paid more than $30,000 a month for five years as president of an advocacy group set up by the mortgage giants Fannie Mae and Freddie Mac to defend them against stricter regulations, current and former officials say.
Mr. McCain, the Republican candidate for president, has recently begun campaigning as a critic of the two companies and the lobbying army that helped them evade greater regulation as they began buying riskier mortgages with implicit federal backing. He and his Democratic rival, Senator Barack Obama, have donors and advisers who are tied to the companies.
But last week the McCain campaign stepped up a running battle of guilt by association when it began broadcasting commercials trying to link Mr. Obama directly to the government bailout of the mortgage giants this month by charging that he takes advice from Fannie Mae�s former chief executive, Franklin Raines, an assertion both Mr. Raines and the Obama campaign dispute.
Incensed by the advertisements, several current and former executives of the companies came forward to discuss the role that Rick Davis, Mr. McCain�s campaign manager and longtime adviser, played in helping Fannie Mae and Freddie Mac beat back regulatory challenges when he served as president of their advocacy group, the Homeownership Alliance, formed in the summer of 2000. Some who came forward were Democrats, but Republicans, speaking on the condition of anonymity, confirmed their descriptions.
A 2004 photograph from a report by the Homeownership Alliance, an advocacy group for Fannie Mae and Freddie Mac, shows John McCain with Ken Guenther, a former chairman of the group, left, and David Lereah of the National Association of Realtors.
source: http://en.wikipedia.org/wiki/Franklin_Raines#cite_note-23
In 2008 September U.S. Presidential candidate Senator John McCain has sought to tie Raines to McCain's opponent Barack Obama, in an effort to discredit Obama on economic issues. McCain quoted the Washington Post articles stating that Raines advises Obama. Raines and Obama state that he does not.[24] [25] The McCain campaign has made claims that the reference to Raines as an Obama advisor first appeared in the Post months before the McCain ad, and that the Obama campaign didn't seek a correction at the time[26]; however, the actual Post article referenced was written by Anita Huslin, who profiled Raines for the newspaper in July and in the article she wrote that Raines had �taken calls from Barack Obama�s presidential campaign seeking his advice on mortgage and housing policy matters.�[27], but Huslin never made any claims that Raines was an Obama adviser in the article....The Washington Post characterizes John McCain's attempts to connect Sen. Obama with Franklin Raines based on their reporting as "a stretch
*******************************
Loan Titans Paid McCain Adviser Nearly $2 Million
Article Tools Sponsored By
By DAVID D. KIRKPATRICK and CHARLES DUHIGG
Published: September 21, 2008
Senator John McCain�s campaign manager was paid more than $30,000 a month for five years as president of an advocacy group set up by the mortgage giants Fannie Mae and Freddie Mac to defend them against stricter regulations, current and former officials say.
Mr. McCain, the Republican candidate for president, has recently begun campaigning as a critic of the two companies and the lobbying army that helped them evade greater regulation as they began buying riskier mortgages with implicit federal backing. He and his Democratic rival, Senator Barack Obama, have donors and advisers who are tied to the companies.
But last week the McCain campaign stepped up a running battle of guilt by association when it began broadcasting commercials trying to link Mr. Obama directly to the government bailout of the mortgage giants this month by charging that he takes advice from Fannie Mae�s former chief executive, Franklin Raines, an assertion both Mr. Raines and the Obama campaign dispute.
Incensed by the advertisements, several current and former executives of the companies came forward to discuss the role that Rick Davis, Mr. McCain�s campaign manager and longtime adviser, played in helping Fannie Mae and Freddie Mac beat back regulatory challenges when he served as president of their advocacy group, the Homeownership Alliance, formed in the summer of 2000. Some who came forward were Democrats, but Republicans, speaking on the condition of anonymity, confirmed their descriptions.
A 2004 photograph from a report by the Homeownership Alliance, an advocacy group for Fannie Mae and Freddie Mac, shows John McCain with Ken Guenther, a former chairman of the group, left, and David Lereah of the National Association of Realtors.
