Q&A with Fannie Mae's Jamie Gorelick (from 2002)

Business Week ^ | March 2002 | Margaret Popper

[AJFavish]

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:

Q: Are you worried about attacks on the implied guarantee of the U.S. government that backs your credit?

A: From time to time, someone suggests changing our charter in some way that might affect the perceptions of our debt in the marketplace. The proposal that was on the table last year to do so got no co-sponsors. And given the importance of housing to the economy, the ballast we have provided to that sector, and the care that we take to operate in a safe and sound manner and consistent with our charter, I am not concerned that there would be any such legislation.

[trumandogz]

In 2002, Everyone in Washington was on the Fannie and Freddie Band Wagon.

[Doogle]

I am not concerned that there would be any such legislation.

..if I globbed 26 million from a rat potsie scam I wouldn't have a concern either

[Gaffer]

This is the same Jaime Gorelick who as assistant Attorney General, or something like that, promulgated a law/directive/executive order that BLOCKED the FBI and CIA/NSA, et al in COOPERATING on intelligence information. THE VERY SAME INFORMATION, THAT, HAD IT BEEN SHARED COULD HAVE PREVENTED THE ATTACKS ON 911.

This is the very same 'lady', who as a 911 investigation panel member, provided the instructions to Sandy Berger on which secret 911-relate documents to STEAL/PILFER/LOSE.

Since these times, this is the very same 'lady' that has assisted in the systemmatic looting and fraud perpetrated by Fannie Mae and Freddy Mac.

Enough said? How much farther will this country let this evil witch go?

[SERKIT]

Is it true that this low-life bureaucrat sucked up $75M from Freddia and Fannie? If so, how the HELL does THAT work?!?!?!

[martin_fierro]

I believe it's spelled "Garelick."

< |:)~

[massgopguy]

Is there no gelt she can’t turn into drek?

[Eric in the Ozarks]

Just another public service government bow wow, doing the people's work.
Why TH isn't she called before some committee of congress and made to sweat ?

[gussiefinknottle]

you forgot that she represented duke against the lacrosse players
in the duke rape case.

[T-Bird45]

Is there no gelt she can’t turn into drek?

It certainly seems that everything this Clintonista touches turns to liquid manure.

[FES0844]

She has no shame.

[Cuttnhorse]

Why TH isn't she called before some committee of congress and made to sweat?"

Because the demos run the committes responsible...Chris Dud, and Barney, My Boy Lollipop, Frank; there will be no big congressional investigation because many sitting members of the demo party would end up behind bars...not the Teddy Kenedy bars either.

[Doc Savage]

"Mr. Gorelick,...oh, excuse me, you look like a man,...of course, ...Ms. Gorelick, (my but you look androgenous!) was it your criminal intention from the start to loot Fannie May and steal as much money as you could before the public discovered the truth and you and your co-conspirators in the DemonRat party plunged the United States of America into a financial crisis based solely on your own personal greed and avarice????"

"Yes!"

[SJSAMPLE]

The information wall that helped enable 9/11 and now this.

That broad’s got quite a resume going.

[SE Mom]

You’re gonna love this- our gal Jamie!

[Oldpuppymax]

Of course the Goelick wall was created in order to make certain that the appropriate govt agencies could not share info in an investigation of her boss...slick Willie. 9/11 happened as a result of protecting Billie Boy. Nice, huh??!!

[Diogenesis]

guilty

[Oldexpat]

Business Weak. I laugh at any of the people I see reading it. I ask them if they read People magazine for political opinion. This thing ceased being a serious publication about two decades ago. No wonder they would be singing the praise of a crook like Gorelick.

[penelopesire]

Good lord..Gorelick is a one woman wrecking ball!! I guess 911 wasn’t enough for her..she had to help set up a financial crash in the United States too!

(eye roll)

[Jimmy Valentine]

She is a fakakta ballabusta! Nu?