McCain wrong about Fannie Mae & Freddie Mac CEO severance

Poor John McCain. He’s having a REALLY bad week and not getting a lot right.   From MSNBC’s First Read comes the following:

From NBC’s Mark Murray and NBC/NJ’s Adam Aigner-Treworgy
On the campaign trail in Minnesota today, McCain incorrectly suggested that the executive pay that former Fannie Mae CEOs Frank Raines and Jim Johnson earned came from taxpayers.

“That same executive got $21 million of your money,” McCain said of Johnson. “And the other CEO, another supporter of Senator Obama, Mr. Raines got $25 million of your money. Let’s tell them to give it back. Let’s tell them to give it back.”

Lucian Bebchuk of Harvard Law School, an expert on corporate governance, confirmed to First Read that Fannie Mae and Freddie Mac were private companies until being recently taken over by the federal government (which came after Raines’ and Johnson’s tenures).

If John McCain was a boxer, his corner would be throwing in the towel at this point. It’s time for the voters to throw in the towel on John McCain. Enough!!

Obama/Biden in 2008

Democrat Dave

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