According to the New York Times, John McCain’s Campaign manager was paid $15,000 dollars a month until last month by Freddie Mac. In recent weeks Freddie Mac was taken over by the federal government because of a potential financial collapse. Rick Davis’s firm was allegedly paid the monthly stipend from 2005 through last month. The Times reports Freddie Mac officials do not recall substantive work performed by Davis during that time except for speaking to high-level employees before the 2006 Mid Term Elections. The paper also says the reason Mr. Davis was kept on the payroll is because of his close ties to Senator John McCain. At that time it was unofficially expected McCain, would run for President. Meanwhile, John McCain has been running ads suggesting Barack Obama takes advice on housing issues from Frank Raines, the former head of Fannie Mae. The Obama Camp has denied that claim. However, former Fannie Mae chief James Johnson stepped down from the Obama Vice Presidential Search Committee in June. He made the move after reports surfaced that he received preferential mortgage rates from Countrywide Financial Corporation. Johnson raised hundreds of thousands of dollars for the Obama campaign as well. In a related note, Bloomberg is reporting the McCain campaign is not commenting on reports, that another Freddie Mac story is linked to the campaign. 77 year old William Timmons Sr., the man believed picked to head John McCain’s transition team, earned $260 thousand dollars this year as a Lobbyist for Freddie Mac. Since the governments take over of the two mortgage companies, McCain stated Fannie Mae and Freddie Mac are the reasons for the nation’s financial crisis. What do you think of this latest revelation by the New York Times? Does this influence the presidential race?