McCain Camp Complains About NYT

The McCain camp complains about the NYT investigation into Rick Davis' ties with Freddie Mac but doesn't offer up any proof to the contrary and doesn't say the story is not true, only that it is a partisan attack. He said it was "demonstrably false." If so, demonstrate. But they didn't bother. They're just whining. 

After the republicans have run a vast underground smear campaign against Obama for at least the past year with their Web sites, and their hate email, their hate radio, and their constant stream of books that lie about Obama and spew hate, I'd say that the McCain camp needs to be drilled like an oil well. Drill Baby Drill. Go deep.  

As far as I can tell, just about everything McCain says is a lie, and the campaign doesn't seem to care about facts. In fact, they've stated that facts are on the sideline. They're out to win an election. Country First.

CNN: A senior McCain aide reacted to the latest New York Times investigation into a top campaign advisor Wednesday with a scathing memo that called the Times a “failing business” and the allegation “demonstrably false.”

The story, which charges that a firm formerly headed by campaign manager Rick Davis had received a monthly $15,000 retainer from mortgage giant Freddie Mac until the government took it over this month – is “a partisan attack falsely labeled as objective news” from “an Obama advocacy organization,” wrote McCain spokesman Michael Goldfarb.

The paper, said Goldfarb, “obscures its true intentions — to undermine the candidacy of John McCain and boost the candidacy of Barack Obama — under the cloak of objective journalism.”

FBI Investigating Freddie Fannie AIG Lehman

Perhaps this is why Paulson wants to hurry things along. They're covering up something or are looking for ways to keep their wealth. Something's not right and it seems like the tip of the iceberg. The leaders of these companies who kept passing along bad mortgages need to start a homeowner fund with their personal money. They need to lose everything. This situation is an outrage. I don't know how else to say it.

Sept. 24 (Bloomberg) -- The FBI is investigating Fannie Mae, Freddie Mac, Lehman Brothers Holdings Inc. and American International Group Inc. in its probe of the collapse of the subprime-mortgage market, according to a senior law-enforcement official.

Those companies are among 26 being reviewed by the Federal Bureau of Investigation for possible accounting misstatements, said the official, who asked to remain unidentified. The investigations are preliminary, the official said late yesterday.

The FBI has come under pressure to hold companies responsible as the loan crisis rocked Wall Street and led to the biggest housing slump since the Depression. Financial companies worldwide have reported more than $500 billion in losses and writedowns stemming from the subprime collapse.

Housing lenders Freddie Mac and Fannie Mae, as well as insurer AIG, were all taken over by the government earlier this month. Lehman filed for bankruptcy. The crisis has led the Bush administration to ask Congress to approve a $700 billion bailout for the financial industry.

CNN has a timeline.