AP - Almost up until the time it was taken over by the government in the nation's financial crisis, one of two housing giants paid $15,000 a month to the lobbying firm of John McCain's campaign manager, a person familiar with the financial arrangement says. The money from Freddie Mac (FRE) to the firm of Rick Davis is on top of more than $30,000 a month that went directly to Davis for five years starting in 2000. The $30,000 a month came from both Freddie Mac and Fannie Mae (FNM), the other housing entity now under the government's control because of the nation's financial crisis.
All the payments were first reported by The New York Times, which posted an article Tuesday night revealing the $15,000 a month to the firm of Davis Manafort. The McCain campaign said the $15,000 a month went to Davis's firm, not to Davis.