The New York Times nails Rick Davis and Americablog has commentary.
My commentary is below.
Update 2: This had already been diaried by ninshubur with more commentary.
We heard about the ads that tie Barack Obama to Fannie and Freddie execs but were later refuted as Frank Raines had to call of Carly of the "No one could run Hewlett Packard" fame off from her lies about it. The Washington Post called it a stretch. But Rick Davis received 30,000 a month because of his access to John McCain to lobby against regulation. If that isn't the pot calling the kettle black...
But put this on the back of McCain's comments tonight on 60 minutes, this becomes the start of the term McCain-villes and Gramm-villes because that is what we might have if these guys make it to the white house.
"The value that he brought to the relationship was the closeness to Senator McCain and the possibility that Senator McCain was going to run for president again," said Robert McCarson, a former spokesman for Fannie Mae, who said that while he worked there from 2000 to 2002, Fannie Mae and Freddie Mac together paid Mr. Davis’s firm $35,000 a month. Mr. Davis "didn’t really do anything," Mr. McCarson, a Democrat, said.
Update: Whitewidow in the comments links to an MSNBC article on the new Bushvilles popping up around the country.