 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.