Davis and Fannie

A lot of us had the idea that John McCain was vastly overstating the role that Fannie Mae played in creating the current financial mess out of political opportunism as Fannie’s been a kind of weird business that, unlike most other large firms, has generally had closer ties to Democrats than to Republicans. But then you read something like this:

Senator John McCain’s campaign manager was paid more than $30,000 a month for five years as president of an advocacy group set up by the mortgage giants Fannie Mae and Freddie Mac to defend them against stricter regulations, current and former officials say.

Given that, maybe McCain has double super-secret inside information gleaned straight from the mouth of a top GSE lobbyist.