Freddie Mac pays GOP consulting firm $2mil in 06 to kill regulatory legistation

JSBEJSBE Posts: 1,078
edited October 2008 in A Moving Train
very interesting. also, the linked article is LONG.


http://hosted.ap.org/dynamic/stories/T/THE_INFLUENCE_GAME_HOUSING_ABRIDGED?SITE=CAVEN&SECTION=HOME&TEMPLATE=DEFAULT

WASHINGTON — Freddie Mac secretly paid a Republican consulting firm $2 million to kill legislation that would have regulated and trimmed the mortgage finance giant and its sister company, Fannie Mae, three years before the government took control to prevent their collapse.

In the cross hairs of the campaign carried out by DCI of Washington were Republican senators and a regulatory overhaul bill sponsored by Sen. Chuck Hagel, R-Neb. DCI's chief executive is Doug Goodyear, whom John McCain's campaign later hired to manage the GOP convention in September.
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