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McCain Op-Ed: Lobbyists Like My Campaign Manager Are ‘Primary Contributors’ To Fannie-Freddie Crisis September 9, 2008

Posted by trouble97018 in Economy, McCain, News, Politics, Repiglicans.
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Think Progress

By Ryan on Sep 9th, 2008 at 10:27 am

Sen. John McCain (R-AZ) and Gov. Sarah Palin (R-AK) write today in the Wall Street Journal that the “bailout of Fannie Mae and Freddie Mac is another outrageous, but sadly necessary, step for these two institutions.” They pledge to end the use of “taxpayer backing to serve lobbyists, management, boards and shareholders” and call lobbyists “primary contributors” to the crisis:

We will make sure that they are permanently restructured and downsized, and no longer use taxpayer backing to serve lobbyists, management, boards and shareholders. […]

[The federal bailout] terminates future lobbying, which was one of the primary contributors to this great debacle.

The feigned outrage of McCain and Palin at the inaction of Congress and the influence of Fannie Mae and Freddie Mac lobbyists is ironic considering the fact that “at least 20 McCain fundraisers have lobbied on behalf of Fannie Mae and Freddie Mac” in recent years. Source Article

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