fyi
Thanks, Ernest. Where’s the outrage?
[Excerpted]
The collapse of mortgage giants Fannie Mae and Freddie Mac were key elements in the financial meltdown of 2008.
It’s no secret that Democrats under Bill Clinton had used both organizations as personal piggybanks to reward loyal friends.
Note: President Bush put a stop to such gross patronage during his Administration.
But what continues to go largely unreported is the role that White House Chief of Staff Rahm Emanuel played at Freddie Mac and the compensation he earned for showing up for board meetings six times a year. Later, as a candidate for congress Emanuel received more in campaign contributions from Freddie Mac than any other candidate.
On Emanuel’s watch, the board was told by executives of a plan to use accounting tricks to mislead shareholders about outsize profits the government-chartered firm was then reaping from risky investments.
The accounting scandal wasn’t the only one that brewed during Emanuel’s tenure.
Thanks Ernest. Sounds like a trick question. Another one — will he actually pay taxes on the money he made?
So Rahm Emanuel is simply a crook, a common criminal by nature and act.