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October 20, 2008

Freddie Mac Paid GOP Firm $2M to Fight Regulation Rules
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The Associated Press is reporting Freddie Mac secretly paid a Republican
consulting firm $2 million three years ago to kill legislation that
would have regulated and trimmed the mortgage finance giant and its
sister company, Fannie Mae. The lobbying firm was DCI of Washington. Its
chief executive, Doug Goodyear, was later hired by John Mc Cain’s
campaign to manage the Republican National Convention in September.
Goodyear had to later resign from the convention job after it was
revealed that he had also lobbied for the military junta in Burma.



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