Posted on 09/20/2008 5:08:14 PM PDT by huac
"...One Jamie Gorelick is this American. And without pretending that she caused the loss of countless thousands of lives and countless billions of dollars of wealth by herself, she certainly did push some of the early domino's in catastrophic chain events that are a major factors in life in America today...Gorelick, an appointee of Bill Clinton, is the one who constructed the wall of separation that kept the CIA and the FBI from comparing notes and therefore invading the privacy of nice young men like, say, Muhammed Atta and Zacarius Moussaoui. While countless problems were uncovered in our intelligence operations in the wake of 9-11, no single factor comes close to in importance to Jamie Gorelick's wall...Her fingerprints are all over the Fannie Mae-Freddie Mac mess, which is to say the mess that is central in the entire mortgage-housing crisis. Without so much as one scintilla of real estate or finance experience, she was appointed as Vice Chairman of Fannie Mae in 1997 and served in that role through 2003, which is when most of the systemic cancers that came home to roost today happened. She was instrumental in covering up problems with Fannie Mae while employed there and took multiple millions in bonuses as she helped construct this house of cards...."
(Excerpt) Read more at americanthinker.com ...
Barack Obama’s Fannie Mae/Freddie Mac Connection
Tuesday, September 16, 2008
By John Gibson
Fannie and Freddie have also been places for big Washington Democrats to go to work in the semi-private sector and pocket millions. The Clinton administration’s White House Budget Director Franklin Raines ran Fannie and collected $50 million. Jamie Gorelick — Clinton Justice Department official — worked for Fannie and took home $26 million. Big Democrat Jim Johnson, recently on Obama’s VP search committee, has hauled in millions from his Fannie Mae CEO job.
http://www.foxnews.com/story/0,2933,423701,00.html
Now remember: Obama’s ads and stump speeches attack McCain and Republican policies for the current financial turmoil. It is demonstrably not Republican policy and worse, it appears the man attacking McCain — Sen. Obama — was at the head of the line when the piggies lined up at the Fannie and Freddie trough for campaign bucks.
Uh...no..not all of us...
The stuff they were getting hammer with was baby crap compared to what they REALLY did...
Financial Irregularities at Fannie Mae.
Perhaps some of you may not remember what Fannie Mae was caught doing after a whistleblower exposed the fraud (and was fired in retaliation). It was obvious that the books at Fannie Mae were being cooked:
As for other losses, they were routinely mischaracterized so that they could be amortized over years, not realized fully as they were supposed to be. By this method, the Fannie Mae management siphoned off millions of dollars in excess compensation to top management, including Gorelick.
It is certainly possible that the culture at Fannie Mae was so thoroughly corrupt that Jamie Gorelick did not know that cooking the books in this fashion was illegal, but it strains credulity to suppose that she did not know that the books were being cooked. I doubt that Gorelick was so stupid or incompetent not to notice that Fannie Mae profits were regularly reported in such a way as to maximize her bonuses.
http://volokh.com/posts/1216060102.shtml
Jamie Gorelick is representing Duke in lawsuits filed by the Duke Lacrosse players
Her behaviour rivals that of the lovely Jane Fonda, who was instrumental in demonizing Americans who served honorably in Viet Nam and the nuclear industry, along with propagating women’s body image problems (the whole You Are Fat and Ugly So Buy My Aerobic Video), leading to eating disorders.
The Wall was constructed to obstruct the investigation of clinton's illegal Chinese fundraising.
And, pray tell, what would she defend? And, by what travesty of justice would it be possible for her to become Secretary of defense?
How does she sleep? Sadly, probably well. A Clinton acolyte who has irreparably harmed America and made millions in the process. It’s win-win for their kind.
I agree. Just a joke; but not really in light of the damage this woman caused.
I couldn’t help but notice the similarity between the term getting a Lewinsky and the separation of her name into Gore Lick.
Wow...this article will cause a stir and wake a bunch up. I had no idea she was at the mortgage giant. And I knew she was pure evil.
Maybe they should hang her for treason.
SPRING 2002
ONLINE INTERVIEW
Q&A with Fannie Mae’s Jamie Gorelick
The vice-chairman sees “a very, very strong 2002” and says Fannie and Freddie are “managed safely”
In the wake of the Enron disaster, Federal National Mortgage Assn. (Fannie Mae) and Federal Home Loan Mortgage Corp. (Freddie Mac), the federally chartered mortgage banks that experienced explosive growth in 2001, have come under increased scrutiny. Once again, Republicans in Congress are threatening to conduct an investigation into the activities of the two — No. 7 and No. 2, respectively, on this year’s BusinessWeek 50 list of top performers — some say in hopes of revoking the portions of the Fannie and Freddie charters that gives an implicit government guarantee to their borrowing.
BusinessWeek Associate Economics Editor Margaret Popper spoke with Fannie Mae Vice-Chairman Jamie Gorelick for BW Online about the prospects for the coming year. Edited excerpts from their conversation follow:
Good stuff.
Fannie Mae is the biggest single source of money for mortgages in the United States. From 1998 to 2004, the years covered by the OFHEO investigation, it was headed by former Clinton budget director Franklin Raines, whose top management team included former Clinton Justice Department official Jamie Gorelick, sometimes mentioned as a future attorney general in a Democratic administration. During that period, the report says, Raines and his team grossly overstated Fannie Mae’s earnings — to the tune of $10.6 billion — for the purpose of paying themselves big bonuses. “By deliberately and intentionally manipulating accounting to hit earnings targets,” the report says, “senior management maximized the bonuses and other executive compensation they received, at the expense of shareholders.”
$10.6 billion in overstated earnings
I wish you were right. Unfortunately, I suspect that this will get little attention. The MSM protect their own.
Calamity Jamie.
-this ties in nicely with the article you found.....and the damage of the Clinton years continue to pile up. We can’t afford Obama.
what a name! GORE - LICK!!
Gorelicker’s mission was to protect a Feckless Bill Clinton from the intercepts gained (by Carnivore,our own NSA and ASA) from the running dog rat eater Chinese when he sold the highly classified launch info for campaign donations. She is just a shill but she has some good info (worthy of an intensive interview). This is a Deja Vu all over again post....
Can we land her an administrative position in Iran? Venezuela? Maybe the Former Soviet Union?
Is there ANY ISSUE that she wasn't on the stupid side of?
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