Obama's Chief of Staff Tied to Freddie Mac Collapse- Recieved $250,000 »

Posted By pc25 1 year ago in News

During the campaign, Barack Obama had to fight off assertions that Freddie Mac and Fannie Mae had him in their pocket while the two GSEs committed fraud and declined to their collapse.  Obama didn’ t help that perception when he chose Jim Johnson, Fannie Mae’ s former CEO and chair, as the leader of his VP search committee, a position Johnson resigned shortly afterwards.  Now ABC reports that Obama’ s new chief of staff, Rahm Emanuel, sat on the board of Freddie Mac during the critical period:

Read Full Story at hotair.com »

4711 Views Share Story 45 Comments Report

Submitted By:
pc25

studio engineer, studio musician, producer

Who Also Submitted:
Other Related Articles:

RSS Join the Discussion

+ Add Comment
Showing 83 of 97 Comments (view all)
- Display
  • 45%
    pc251 year ago

    This comment is below the standard viewing threshold View It »

    FTA

    ABC reports that Obama’s new chief of staff, Rahm Emanuel, sat on the board of Freddie Mac during the critical period:

    President-elect Barack Obama’s newly appointed chief of staff, Rahm Emanuel, served on the board of directors of the federal mortgage firm Freddie Mac at a time when scandal was brewing at the troubled agency and the board failed to spot “red flags,” according to government reports reviewed by ABCNews.com.

    According to a complaint later filed by the Securities and Exchange Commission, Freddie Mac, known formally as the Federal Home Loan Mortgage Corporation, misreported profits by billions of dollars in order to deceive investors between the years 2000 and 2002.

    (comment_max_expanded_depth : 2) (comment depth : 2) (recursion depth : 1) (max_comment_reply_depth : 40) (comment_max_render_depth : 3)
    Reply

    9 Replies

    loading loading ...
  • 45%
    pc251 year ago

    This comment is below the standard viewing threshold View It »

    http://sweetness-light.com/archive/emanuel-got-250...

    Emanuel, who was a senior adviser for former President Bill Clinton throughout the 1990s, was appointed to the board of Freddie Mac upon his departure from the Clinton administration.

    “Clinton’s going-away gift to Emanuel was a seat on the quasi-governmental Freddie Mac board, which paid him $231,655 in director’s fees in 2001 and $31,060 in 2000,” Lynn Sweet wrote for the Chicago Sun-Times on Jan. 3, 2002.

    During the time Emanuel spent on the board, Freddie Mac was plagued with scandal involving campaign contributions and accounting irregularities…

    And, since his successful run for the House of Representatives in 2002, Emanuel has been the beneficiary of campaign cash from Freddie Mac and its sister organization Fannie Mae – $51,750 according to the Center for Responsive Politics Web site OpenSecrets.org.

    man so much Change You Can Believe In I think I am going to pass out.

    (comment_max_expanded_depth : 2) (comment depth : 2) (recursion depth : 1) (max_comment_reply_depth : 40) (comment_max_render_depth : 3)
    Reply

    7 Replies

    loading loading ...
  • 43%
    pc251 year ago

    This comment is below the standard viewing threshold View It »

    Some of the Washington insider re threads that Obama is now appointing to his Staff

    Carol Browner, Clinton’s former EPA Administrator who became the consummate Washington insider. She’s Madeline Albright’s partner and recently married mega-lobbyist and former Congressman Tom Downey. During the uproar over Dubai taking over U.S. ports, Browner brought Downey to meet with Senator Chuck Schumer to plead Dubai’s case. Downey was paid half a million dollars to push Dubai’s position. He’s also a lobbyist for Fannie Mae, paid half a million to try to cover their rears on the subprime mortgage mess.

    Bill Daley, Clinton’s former Secretary of Commerce and the brother of the Mayor of Chicago, is the epitome of the old Democratic establishment. Clinton appointed him to the Fannie Mae Board and his son worked as a lobbyist for the agency. Aren’t these the kind of folks that Obama ran against?

    Susan Rice, Assistant Secretary of State under Clinton advised John Kerry and Mike Dukakis.

    Obama has named one of his big bundlers - Michael Froman, an executive at Citigroup.

    Obama is not wandering far from the Chicago Political Machine style of politics. Cronyism, kickbacks, paybacks, patronage, partisanship. Hard line, left leaning, big government, tax and spend, Tammany Hall, socialist, governing. So much for Nancy Pelosi's comments yesterday that the country needs to governed from the center.

    Thank you Dick Morris for this information.

    (comment_max_expanded_depth : 2) (comment depth : 2) (recursion depth : 1) (max_comment_reply_depth : 40) (comment_max_render_depth : 3)
    Reply
    loading loading ...
    • 46%
      icono11 year ago

      This comment is below the standard viewing threshold View It »

      Reading this article made me think of Aleksandr Solzhenitsyn's writing called 'The First Circle' in particular chapter 61;'The Uncle From Tver' where he wrote ....."that's what they always had been, and that's what they'll be as long as they live. They may change in some respects, but not in the essentials."
      So basically, the 'Change' we were promised is nothing more than the 'Same' we have always known.

      (comment_max_expanded_depth : 2) (comment depth : 2) (recursion depth : 1) (max_comment_reply_depth : 40) (comment_max_render_depth : 3)
      Reply

      1 Reply

      loading loading ...
    • 38%
      k9kssr1 year ago

      This comment is below the standard viewing threshold View It »

      Change from Washington corruption to Chicago corruption.

      (comment_max_expanded_depth : 2) (comment depth : 2) (recursion depth : 1) (max_comment_reply_depth : 40) (comment_max_render_depth : 3)
      Reply

      1 Reply

      loading loading ...
    • 76%
      PinkyPie1 year ago

      This comment is below the standard viewing threshold View It »

      I'm going to say the same thing here that I said on another post.

      Rahm seems to be hated by the far left and the far right for different reasons which may make him the ideal person for the job. Perhaps Obama is making a statement that he plans to govern from the middle which would be a good thing for the country.

      Let's face it. Both candidates pandered to the far reaches of their parties to get votes. In reality they would both end up governing more to the center.

      I wish President Elect Obama well and look forward to seeing his further appointments.

      (comment_max_expanded_depth : 2) (comment depth : 2) (recursion depth : 1) (max_comment_reply_depth : 40) (comment_max_render_depth : 3)
      Reply

      5 Replies

      loading loading ...
    • 27%
      ekklesiawarrior1 year ago

      This comment is below the standard viewing threshold View It »

      Let the Indictments begin ....

      (comment_max_expanded_depth : 2) (comment depth : 2) (recursion depth : 1) (max_comment_reply_depth : 40) (comment_max_render_depth : 3)
      Reply

      11 Replies

      loading loading ...
    • 13%
      geeeberry1 year ago

      This comment is below the standard viewing threshold View It »

      See, Afrocrats, Nothing really ever changes, same old crooks in office, doing the same old crimes. What this nation really needs, is a military Coup, and a general HOUSE CLEANING, Reopening with real new Rules to keep our so called leaders, HOBBLED TO ACT HONESTLY.

      (comment_max_expanded_depth : 2) (comment depth : 2) (recursion depth : 1) (max_comment_reply_depth : 40) (comment_max_render_depth : 3)
      Reply

      1 Reply

      loading loading ...
    • 9%
      jv27241 year ago

      This comment is below the standard viewing threshold View It »

      Let's see Obama talk his way out of this!

      (comment_max_expanded_depth : 2) (comment depth : 2) (recursion depth : 1) (max_comment_reply_depth : 40) (comment_max_render_depth : 3)
      Reply

      1 Reply

      loading loading ...
    • 18%
      jv27241 year ago

      This comment is below the standard viewing threshold View It »

      Let's see Obama talk his way out of this!

      (comment_max_expanded_depth : 2) (comment depth : 2) (recursion depth : 1) (max_comment_reply_depth : 40) (comment_max_render_depth : 3)
      Reply
      loading loading ...
      • 85%
        cushi1 year ago

        This comment is below the standard viewing threshold View It »

        SSDD! - Same smears, different day.

        (comment_max_expanded_depth : 2) (comment depth : 2) (recursion depth : 1) (max_comment_reply_depth : 40) (comment_max_render_depth : 3)
        Reply
        loading loading ...
        • 10%
          dontno1 year ago

          This comment is below the standard viewing threshold View It »

          Hope = Nope

          (comment_max_expanded_depth : 2) (comment depth : 2) (recursion depth : 1) (max_comment_reply_depth : 40) (comment_max_render_depth : 3)
          Reply

          1 Reply

          loading loading ...
        • 71%
          tchef1 year ago

          This comment is below the standard viewing threshold View It »

          The Republicans are truly the party of Stupid. Between all the racial jokes about the white house and running out to get guns before Obama bans them it's truly ridiculous. I read a story this morning about a woman who was out buying guns for her 10 year old. I have nothing against guns, own a few myself, but they are well out of the reach of my children.

          (comment_max_expanded_depth : 2) (comment depth : 2) (recursion depth : 1) (max_comment_reply_depth : 40) (comment_max_render_depth : 3)
          Reply

          2 Replies

          loading loading ...
        • 0%
          lloydm651 year ago

          This comment is below the standard viewing threshold View It »

          Obama has followed the same lying rhetoric of the Clintons.They campaigned on a health-care plan that did not exist before the ninety two election.They made it up as they went.The same goes for Obama. He said over,and over he had a plan for just about every thing.Never had a clue.So now he gathers the criminals from the past for the answer.Can you imagine the ex mayor of Chicago the dishonorable Richard Daley having access to the Oval office.Please install security cameras.

          (comment_max_expanded_depth : 2) (comment depth : 2) (recursion depth : 1) (max_comment_reply_depth : 40) (comment_max_render_depth : 3)
          Reply

          3 Replies

          loading loading ...
        • 14%
          jweglarznc1 year ago

          This comment is below the standard viewing threshold View It »

          I was born and raised in Chicago, everything from the top to the bottom is corrupt and will never end, and when they get caught they still won't admit it. Don't mess with the Daley machine.
          I now live in North Carolina and its no different here, except
          I don't call it the mafia, I call them Dumb Hill Billy Plantation Minded Officials.
          Obama and his KGB will totally kill this country as we now
          know it.
          Bob Barr Palin 2010

          (comment_max_expanded_depth : 2) (comment depth : 2) (recursion depth : 1) (max_comment_reply_depth : 40) (comment_max_render_depth : 3)
          Reply
          loading loading ...
          • 14%
            donamorri1 year ago

            This comment is below the standard viewing threshold View It »

            Hooligans in the white , we didnt really expect anything else did we???

            (comment_max_expanded_depth : 2) (comment depth : 2) (recursion depth : 1) (max_comment_reply_depth : 40) (comment_max_render_depth : 3)
            Reply
            loading loading ...
            • 14%
              donamorri1 year ago

              This comment is below the standard viewing threshold View It »

              Maybe some prisons can offer Obama some prospects for the positions.

              (comment_max_expanded_depth : 2) (comment depth : 2) (recursion depth : 1) (max_comment_reply_depth : 40) (comment_max_render_depth : 3)
              Reply
              loading loading ...
              • 14%
                donamorri1 year ago

                This comment is below the standard viewing threshold View It »

                Hey wait a minute Jimmy carter was a peanut farmer....why are we so shocked at the way democrats elect.??

                (comment_max_expanded_depth : 2) (comment depth : 2) (recursion depth : 1) (max_comment_reply_depth : 40) (comment_max_render_depth : 3)
                Reply

                1 Reply

                loading loading ...
              • 17%
                paulwheelerv1 year ago

                This comment is below the standard viewing threshold View It »

                obama sucks. half white and half black equals half white and half black. obama is half white, which makes him the first african american president? hes still a poletician. the public is brainwashed. the bushs destroyed our factory jobs and obama will bring small business to its knees. theres no growth for america. weve been sold out. people are brainwashed. this guy could be a murderer and people wouldve excused that too. this president will do what all others have done. sell thier soul for money. the one world government, religion and money is on the way. i hope everyone is happy.

                (comment_max_expanded_depth : 2) (comment depth : 2) (recursion depth : 1) (max_comment_reply_depth : 40) (comment_max_render_depth : 3)
                Reply

                2 Replies

                loading loading ...
              • 25%
                donamorri1 year ago

                This comment is below the standard viewing threshold View It »

                Palin will definately make it to the white house, after all the thuggery that obama will create America will be in need of a very strong minded leader with some tender loving care you go Palin!!

                (comment_max_expanded_depth : 2) (comment depth : 2) (recursion depth : 1) (max_comment_reply_depth : 40) (comment_max_render_depth : 3)
                Reply
                loading loading ...
                • 25%
                  sharimellis1 year ago

                  This comment is below the standard viewing threshold View It »

                  Heil Commrade Obama. We welcome you with open pocketbooks. We must willingly bend over and take the raping your going to give those of us that own and work for small businesses. When the oppresive taxes start squeezing the life out of us and we get laid off and prices of everything rise we will know how much he cares for us, his subordinates, the middle class he loves so much that he wants to tax out of existence.

                  When, as per his words, his policies bankrupt the coal industry and multiple thousands of jobs disappear we must remember that the Lord Messi-uh Obama knows what he must do to get this country going in the right direction.

                  When as per his words, electricity goes up because the coal industry has been bankrupted, we must thank his omnipotent, all-knowing, majesty for knowing what is best for the ignorant people of this country.

                  When, as per his words, gas costs $6 to $8 per gallon, we must recognize it as being best for the sheeple. We must start using less gas and the best way is to make it unaffordable.

                  (comment_max_expanded_depth : 2) (comment depth : 2) (recursion depth : 1) (max_comment_reply_depth : 40) (comment_max_render_depth : 3)
                  Reply
                  loading loading ...
                  • 100%
                    p1n1 year ago

                    This comment is below the standard viewing threshold View It »

                    First learn how to spell. THEN take off on someone.

                    (comment_max_expanded_depth : 2) (comment depth : 2) (recursion depth : 1) (max_comment_reply_depth : 40) (comment_max_render_depth : 3)
                    Reply
                    loading loading ...
                    • 50%
                      rosecityfriend1 year ago

                      This comment is below the standard viewing threshold View It »

                      FTA -- "For an incoming administration that ran on cleaning up the greed on Wall Street, the selection of Emanuel speaks a lot louder than any campaign promises. One might think that anyone who sat on the boards of Fannie Mae and Freddie Mac while the two GSEs cooked the books and set the stage for global financial collapse should at least be considered political poison for any appointment, let alone one as significant as White House Chief of Staff — if nothing else, then at least on the basis of competence. Instead, it looks like Obama is bringing the Chicago Way to Pennsylvania Avenue.
                      Hope and change, indeed."

                      I said all along that actions speak louder than words. Obama's initial actions are not very promising. Btw, anyone notice any WOMEN he's considering for top positions?

                      (comment_max_expanded_depth : 2) (comment depth : 2) (recursion depth : 1) (max_comment_reply_depth : 40) (comment_max_render_depth : 3)
                      Reply

                      1 Reply

                      loading loading ...
                    View All 97 Comments

                    Add a Comment

                    Sign In With Your Propeller Account

                    Forgot your password?

                    Please keep your comments relevant to this story.

                    To create a live link, simply type the URL (including http://) or email address and we will make it a live link for you. You can put up to 3 URLs in your comments. Line breaks and paragraphs are automatically converted — no need to use <p> or <br /> tags.