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Freddie Mac Paid GOP Firm $2M to Fight Regulation Rules

HeadlineOct 20, 2008

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 McCain’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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