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President-elect Barack Obama will be taking office in January, and his transition team will have plenty to deal with. Jamie S. Gorelick, a partner at Wilmer Cutler Pickering Hale and Dorr LLP and former deputy U.S. attorney general, said at the The Deal's M&A Outlook 2009 conference on Tuesday that the president-elect will take a centrist stance on policy targeted to restart the economy. His centrist stance can be seen in his unnatural calmness during crises of his campaigning as well as in his resistance to partisan and personal attacks on the campaign trail, Gorelick said. She added that she...

People manage to survive in Washington, DC while adding nothing to the commonweal, and sometimes doing substantial damage. They have the dirt on their rivals, they know who’s butt to kiss or they just have a canny instinct that enables them to artfully duck at the right moment. I’m not sure which describes Jamie Gorelick, but like Arnold Schwarzenegger at the end of a Terminator Movie, it seems you can predict that she’ll be back. This time, perhaps, as President Barack Obama’s new Attorney General. In revolutionary France, Minister Talleyrand had a similar career to Jamie Gorelick. He worked for...

Transition: Jamie Gorelick may be back, this time as attorney general. It was her "wall of separation" that that left us blind pre-9/11. And let's not forget her admirable service at Fannie Mae.Not many people can claim to have been at the center of arguably the greatest financial disaster and greatest national security disaster in American history. But Gorelick, said to be on the short list for attorney general by the New York Times, can. Surely that qualifies her for further government service. Gorelick earned an estimated $26 million serving as vice chair of Fannie Mae from 1998 to 2003....

President-elect Barack Obama has 11 weeks to build a new administration and he's wasting no time, offering the job of White House chief of staff to Rep. Rahm Emanuel (D-Ill.) on Wednesday. *snip* Who else is on the list? Attorney general Names include Eric Holder, a former D.C. federal judge and deputy attorney general; Arizona Gov. Janet Napolitano; Jamie Gorelick, former deputy attorney general; James Comey, former deputy attorney general and Lockheed Martin general counsel; Massachusetts Gov. Deval Patrick; Patrick Fitzgerald, U.S. attorney in Chicago.

Someone please tell me that my eyes are decieving me! Jaime Gorelick? For A.G.? Just when I thought that the pestialential swamp that is Washington D.C. could not get any murkier, this comes out. This woman, arguably, is at least partially responsible for 9/11, as well as being intimately involved in the pardon of all sorts shady, or downright criminal, Clinton era miscreants, including our all time favorite Marc Rich who, once safely out from under the thumb of the IRS, went on to bigger and better things like the UNs' oil for food program. And then, a nice cushy,...

The New York Times’ Eric Lichtblau takes a look at a potential Attorney General nominee in the nascent Barack Obama administration — and it’s a familiar face. Jamie S. Gorelick may be on Obama’s short list for AG, but she has been a familiar face during the Bush administration, too. Gorelick served under Janet Reno during the Clinton administration and played a critical role in blinding counterterrorism efforts prior to 9/11: --snip-- Gorelick would bring corporate experience to an Obama administration — in the same way Rahm Emanuel did. Gorelick was vice chairman at Fannie Mae in the years when...

As he prepares to take office, President-elect Barack Obama is relying on a small team of advisers who will lead his transition operation and help choose the members of a new Obama administration. Following is part of a series of profiles of potential members of the administration. Name: Jamie Gorelick Being considered for: Attorney general Would bring to the job: A wide-ranging Washington résumé that spans corporate, legal and national security affairs. Ms. Gorelick (pronounced Guh-REH-lick) was the No. 2 official at the Justice Department in the Clinton administration, from 1994 to 1997, and if chosen would be the second...

As he prepares to take office, President-elect Barack Obama is relying on a small team of advisers who will lead his transition operation and help choose the members of a new Obama administration. Following is part of a series of profiles of potential members of the administration. The New Team A series of profiles of potential members of the Obama administration. Name: Jamie Gorelick Being considered for: Attorney general Would bring to the job: A wide-ranging Washington résumé that spans corporate, legal and national security affairs. Ms. Gorelick (pronounced Guh-REH-lick) was the No. 2 official at the Justice Department in...

I cannot source this, but I heard the other day that Ms. Gorelick had worked for Fannie may at a salary of a little over $500,000 and left with $26,000,000 in bonuses. The bio on her website says she was Vice Chair of Fannie Mae from 1997 to 2003. She is a Harvard elitist (see link below). Jamie GorelickApparently she did a horrible job and left with a 26 million dollar bonus. To me, something just doesn't look right here. I think there should be a thorough investigation to see if any laws were broken and if she (and Franklin...

Attorney General Gorelick? Could the creator of the "wall of separation" between foreign and domestic investigations become the next Attorney General of the United States? Would you trust a person who's up to her elbows in the current financial upheaval to persue due diligence in the FBI's investigation of the key players in that debacle? Would President Obama, himself the number two beneficiary of Freddie Mac and Fannie Mae's political largesse, allow his Attorney General to prosecute these cases? Would you have faith in the advise and consent capacity of a Senate composed of nearly 60 Democrats, among them Christopher...

The government probe into Fannie Mae and Freddie Mac widened as the mortgage giants disclosed yesterday they are under investigation by the Department of Justice and the Securities and Exchange Commission. The companies, which were seized by the government three weeks ago, said that the U.S. Attorney for the Southern District of New York and the SEC have opened investigations over accounting, disclosure and corporate governance matters relating to events dating to Jan. 1, 2007.

[note: this article is from July 23, 2008] A $25 billion bailout of government-backed mortgage giant Fannie Mae is now planned. But Fannie Mae has such political power that its crooked managers will probably never be held accountable for their fraud in any way, unlike the Enron executives who went to jail. Instead, its lending authority will likely expand under federal mortgage bailout bills. Paul Gigot, a Wall Street Journal editor, describes the personal vilification he has received over the years after the Journal began warning, prophetically, that Fannie Mae was engaged in fraudulent accounting, and that the taxpayers might...

The Wall Street Journal reports that a federal grand jury in Los Angeles is investigating the so-called "Friends of Angelo" loan program at Countrywide Financial, under which influential borrowers received preferential terms on home loans. The reported borrowers under the program have included U.S. Sen. Chris Dodd (D-Conn.), former Fannie Mae Chief Executive Franklin Raines, and California state appeals court judge Richard Aldrich.

Countrywide Financial Corp., the biggest U.S. mortgage lender, made large, previously undisclosed home loans to two additional executives of Fannie Mae, the government-chartered firm at the center of the U.S. credit crisis. One of Countrywide's previously undisclosed customers at Fannie was Jamie Gorelick, an influential Democratic Party figure whose $960,000 mortgage refinancing in 2003 was handled through a program reserved for influential figures and friends of Countrywide's chief executive at the time, Angelo Mozilo. Ms. Gorelick was Fannie Mae's vice chairman at the time. [Former Deputy Attorney General Jamie Gorelick, listening to testimony on Capitol Hill in April, got a...

Countrywide Financial Corp., the biggest U.S. mortgage lender, made large, previously undisclosed home loans to two additional executives of Fannie Mae, the government-chartered firm at the center of the U.S. credit crisis. One of Countrywide's previously undisclosed customers at Fannie was Jamie Gorelick, an influential Democratic Party figure whose $960,000 mortgage refinancing in 2003 was handled through a program reserved for influential figures and friends of Countrywide's chief executive at the time, Angelo Mozilo. Ms. Gorelick was Fannie Mae's vice chairman at the time. Another Countrywide client was recently ousted Fannie Mae Chief Executive Daniel Mudd, though it isn't clear...

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...

Those behind market crisis should be punished: Sarkozy 1 hour, 39 minutes ago Those responsible for the crisis that has swept global financial markets should be punished, French President Nicolas Sarkozy said overnight in his first reaction to the latest bout of economic turmoil. In an acceptance speech at an award ceremony attended by U.S. and French business leaders, Sarkozy called for the "truth" on the crisis to be uncovered. "Today, millions of people across the world fear for their savings, for their apartment, for the funds they have put in banks. It is our duty to give them clear...

"...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...

Mike Reagan declared the runaway government bailout of Wall Street at taxpayers expense a "ROBBERY!" Los Angeles, Ca. - On his nationally syndicated radio show Reagan declared that the "Democrats Franklin Raines, Jim Johnson, Jamie Gorelick, Penny Pritzker, Chris Dodd and Barney Frank, are robbing the American taxpayer, and Republicans in the House and Senate had been tapped to drive the getaway car. In a political system where well paid Democrat operatives can enrich themselves at the expense of the American people with zero downside, there is no incentive to behave properly, when the taxpayer will bail you out. Enough...

Ken Lay and Jack Abramoff must be green with envy over the all the mischief that has been accomplished by Jamie Gorelick, with scarcely any demonization in the press. Imagine playing a central role in the biggest national defense disaster in 50 years. Imagine playing a central role in one of the biggest economic disasters in your country's history. Imagine doing both as an un-elected official. Imagine getting filthy rich in the process, and even being allowed to sit self-righteously on a commission appointed to get to the bottom of the first disaster, which of course did not get to...