Since they endorsed McCain in January despite knowing this story -- and the clear implications of hypocrisy on campaign finance reform, let alone the other implications -- the most likely conspiracy would be that they favor McCain in the election. But I don't think there is a conspiracy.
I think the far simpler answer is the correct one. The McCain campaign threatened and intimidated them as the Bush team has done on countless occasions and they gave in until someone else was about to release the story. The only thing worse than being bullied by Republicans is getting scooped by your competitors. Remember, republicans are the part of "swift boating."
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