Republicans are the party of deregulation. One of the main jobs for lobbyists in most industries (Banking, Insurance, Mortgage, etc.) is to push for no oversight/regulations. Guess who’s running McCains campaign? Lobbyists! (More Lobbyists On McCain Staff Than Any Other 08 Candidate – http://www.huffingtonpost.com/2007/06/23/huffpost-exclusive-more-_n_53456.html ) Rick Davis, McCain’s campaign manager was receiving cash from Freddie up until a month ago!
& I quote (from Newsweek http://www.newsweek.com/id/160561 )
“Since 2006, the federally sponsored mortgage giant Freddie Mac has paid at least $345,000 to the lobbying and consulting firm of John McCain’s campaign manager, Rick Davis, according to two sources familiar with the arrangement. “