As Adam Serwer notes, it's a little bit weird that John McCain is, on the one hand, blaming Freddie Mae and Fannie Mac for the financial crisis, but still entrusting his transition planning to one of Fannie Mae and Freddie Mac's top lobbyists. William Timmons Sr., founder and chairman of Timmons & Company, was registered to lobby for Freddie Mac from 2000 through this month, when the federal government assumed control over both Freddie Mac and Fannie Mae. And transition is no small responsibility: That's the position that staffs John McCain's administration. And as John McCain tells us, the problem with Fannie Mae and Freddie Mac was that everyone was deeply corrupt, most of all its influence peddlers in Washington. Which means Timmons will probably staff McCain's administration with lots of Fannie Mae and Freddie Mac partisans. Which, if I understand the message coming from the McCain camp right, means Timmons may well appoint Barack Obama president.
