Legends Times

“News The Way You Want It! The Way It Should Be!”

McCain Aide’s Husband Headed Trade Group Lobbying on Bailout

It looks there’s another John McCain adviser with a personal background that doesn’t exactly jibe with the candidate’s recent effort to portray himself as a populist crusader for ordinary folks.

Last week in Green Bay, McCaindeclared: “At the center of the problem were the lobbyists, politicians, and bureaucrats who succeeded in persuading Congress and the administration to ignore the festering problems at Fannie Mae and Freddie Mac.”

Of course, as Barack Obama has pointed out, McCain’s campaign is a virtual who’s who of former lobbyists for Fannie and Freddie.

But another McCain adviser has close personal ties to one of the industries that, like Fannie and Freddie, spent too long assuring the public that the housing market was in good health, and thereby forestalling efforts that might have protected homeowners and staved off a crisis.

Nancy Pfotenhauer, a senior economic adviser to McCain, has been all over the airwaves in recent days touting McCain’s decision to “suspend” his campaign over the bailout. But her husband, Kurt Pfotenhauer, worked until late last year as the top lobbyist for the Mortgage Bankers Association, a trade group that in recent years downplayed fears of a housing bubble, only to be proved spectacularly wrong.

Read more of the story here

Advertisements

October 30, 2008 - Posted by | Politics | , , ,

No comments yet.

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: