Fannie Mae
On September 21, 2008, the "New York Times" reported that during the period from 2000 to 2002 (while Franklin Raines was the CEO of Fannie Mae), Davis received nearly $2 million from Fannie Mae and Freddie Mac for consulting services. According to Robert McCarson, a former spokesman for Fannie Mae, "the value that he [Davis] brought to the relationship was the closeness to Senator McCain and the possibility that Senator McCain was going to run for president again." McCarson also claims that "while he worked [at Fannie Mae] from 2000 to 2002, Fannie Mae and Freddie Mac together paid Mr. Davis's firm $35,000 a month.".