Wednesday, October 22, 2008

Freddie Mac secretly paid Republican firm to kill regulation

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.).

Hollis McLoughlin, an executive of DCI, watches a Washington Capitals hockey game this month. 

DCI's chief executive is Doug Goodyear, whom John McCain's campaign later hired to manage the GOP convention in September.

Freddie Mac's payments to DCI began shortly after the Senate Banking, Housing and Urban Affairs Committee sent Hagel's bill to the then GOP-run Senate on July 28, 2005. All GOP members of the committee supported it; all Democrats opposed it.

http://www.suntimes.com/news/nation/1230514,housing101908.article

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