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O/T Emanuel Was Director Of Freddie Mac

Discussion in 'Uncategorized Threads' started by GrubbyJack, Nov 7, 2008.

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  1. GrubbyJack

    GrubbyJack Member

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    Round one of CHANGE...
    "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"
     
  2. Recoil Sissy

    Recoil Sissy Well-Known Member

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    2,651
    GrubbyJack:

    U. S. Congressman Rahm Emanuel has represented the 5th Congressional District of Illinois since 2003. That district covers the north side of Chicago and part of suburban Cook County.

    Rep. Emanuel served on Freddie Mac's board during 2000 and 2001. He resigned to run for Congress. During his board tenure, the honorable Emanuel received roughly $260k in director compensation. That was I suppose compensation for his contribution to Freddie's ‘successes. Now there’s some pay for performance.

    Our Socialist Elect’s choice for chief of staff, also served as senior advisor and chief fund raiser for Chicago Mayor Richard M. Daley's 1989 mayoral election campaign. A cynic might be inclined to describe Emanuel as just another political hack spawned by the Cook County Democratic machine. However, in Obambi speak Emanuel is more "change we need and change you can trust".

    sissy
     
  3. Bruce Specht

    Bruce Specht Well-Known Member

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    Once again a Democartc from Illinois/Chicago used the term "Change" in governemnet and this is what we get. Obama, Rod, this is disappointing to say the least. Obama is looking to seat Ms. Pritzker on his cabient she was the President of a Bank that went belly up, and you can bet that Mayor Daley's brother will have a spot. We are in trouble if this is Obamams idea of change and transpernt government.
     
  4. halfmile

    halfmile Well-Known Member

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    Green Bay Wisconsin
    It's no different than Pelosi's statement that the first 100 hours of Dem congress would fix everything.

    Change? The word got votes.

    Insiders in Hitler's organization called it the Big Lie.

    HM
     
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