Davis and Freddie Mac

From The American Conservative. This is shaping up to be a huge deal. In her interview with Couric, Palin was noticeably uncomfortable answering the question about a possible conflict of interest in Davis' relationship with the mortgage giant.

Up until now, the lobbying connections among McCain’s inner circle had amounted to a sidebar story, fodder for Obama supporters, good government geeks and lefty rags like Mother Jones. But bless ‘em, they were onto something.

Senator John McCain had told the Times on Saturday, September 21, that Rick Davis, the CEO of McCain 2008, had not been associated with Freddie Mac for several years. The revelation that McCain was wrong has proven to be a major gaffe.

Up until its seizure, the Federal Home Loan Mortgage Corporation (colloquially known as Freddie Mac) had been paying Rick Davis’ lobbying firm, Davis, Manafort & Freedman, $15,000 per month. According to two anonymous sources quoted by the Times, the payments were made to retain Davis as a lobbyist, and specifically, to gain access to John McCain.