In response to the latest disclosure, the McCain campaign issued a statement saying that Davis left the firm and stopped taking salary from the firm in 2006.

A person familiar with the contract says the $15,000 a month in payments to Davis' firm started around the end of 2005 and continued until the past month or so. The person spoke on condition of anonymity.

The connection between Davis and the housing giants that figure centrally in the global financial crunch emerged after the McCain campaign unleashed a sharp attack on Democratic rival Barack Obama.

McCain has tied Obama to Fannie and Freddie's troubles and has called on Jim Johnson and Franklin Raines – both Obama supporters and former Fannie Mae executives – to return large golden parachute payments they received from the corporations after leaving.

McCain's campaign released a new television ad that says Raines is among those advising Obama on housing policy.


Funny that the person who says that it continued to the past month spoke on the 'condition of anonymity'. They could say anything or make up anything based on the 'condition of anonymity'.

Guess Obama didn't like it when McCain tied Obama to Fannie & Freddie.