Comments on: The McCain Blame Game Misfires http://wonkroom.thinkprogress.org/2008/09/19/mccain-blame-game/ Thu, 26 Nov 2009 16:42:01 -0500 http://wordpress.org/?v=2.8.5 hourly 1 By: stateofthedivision http://wonkroom.thinkprogress.org/2008/09/19/mccain-blame-game/comment-page-1/#comment-2386 stateofthedivision Fri, 19 Sep 2008 18:04:40 +0000 http://thinkprogress.org/wonkroom/2008/09/19/mccain-blame-game/#comment-2386 McCain's buddy, Kenneth Duberstein's firm made over $1 million advising Fannie Mae on regulatory matters from 2004-2006. He did so while serving as Board member of Fannie. He kept the wolves away from the door, I sure with John McCain's full deregulatory support. http://peureport.blogspot.com/2008/09/mccains-duberstein-not-only-on-board-of.html McCain’s buddy, Kenneth Duberstein’s firm made over $1 million advising Fannie Mae on regulatory matters from 2004-2006. He did so while serving as Board member of Fannie.

He kept the wolves away from the door, I sure with John McCain’s full deregulatory support.

http://peureport.blogspot.com/2008/09/mccains-duberstein-not-only-on-board-of.html

]]> By: stateofthedivision http://wonkroom.thinkprogress.org/2008/09/19/mccain-blame-game/comment-page-1/#comment-2384 stateofthedivision Fri, 19 Sep 2008 16:15:56 +0000 http://thinkprogress.org/wonkroom/2008/09/19/mccain-blame-game/#comment-2384 Three levels failed at Fannie and Freddie: management, governance and regulators. While McCain noted Obama's ties to Franklin Raines and Jim Johnson, he neglected his close relationship with Fannie Mae board member, Kenneth Duberstein. Hank Paulson did the usual surface root cause analysis in his remarks this morning. Sorry Hank, you need to ask why at least six more time. Somewhere in that research, one will hit executive incentive compensation as a factor in management's undertaking of risky corporate strategies and loose accounting practices. Keep digging boys, there's plenty of muck left to muddle through... $62 trillion worth! Three levels failed at Fannie and Freddie: management, governance and regulators.

While McCain noted Obama’s ties to Franklin Raines and Jim Johnson, he neglected his close relationship with Fannie Mae board member, Kenneth Duberstein.

Hank Paulson did the usual surface root cause analysis in his remarks this morning. Sorry Hank, you need to ask why at least six more time. Somewhere in that research, one will hit executive incentive compensation as a factor in management’s undertaking of risky corporate strategies and loose accounting practices.

Keep digging boys, there’s plenty of muck left to muddle through… $62 trillion worth!

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