Posted on 11/10/2008 7:01:23 AM PST by radar101
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 woman to be named attorney general, following her former boss, Janet Reno. Ms. Gorelick would also bring corporate experience to an Obama administration at a time of financial crisis
(Excerpt) Read more at nytimes.com ...
She is the ultimate 6 degrees of Kevin Bacon with the Clintons and 9/11, the wall, Freddie, Fannie.
Shes has to be a OBL plant or mole.
Is Sandy Berger being considered for CIA Director as well?
Makes about as much sense.
What is needed to sustain a filibuster, 41? Can we get that, with the Collins and Snowes of the party?
God help us.
She’s made millions..all from Govt. She walked away with big bonus’ from FNM and then gets big bucks for defending the scum at Club Gitmo.
She probably will bring them all to the US..let rigged courts find them innocent and turn them loose with green cards..cause they can’t go home. Then let their families come as refugees.
It is amusing, that our well educated friends. If you ask them now who she is..haven’t a clew.
shaved head and color orange becomes her
it ought to be a jumpsuit
This woman is dangerous. The amount of damage she can do to the country and it’s citizens is monumental. This appointment needs to be voted down.
Oh, my God...this is getting worse by the day.
Another question: How was it you were ON the 9-11 commission, when you should have been a TARGET of the 9-11 commission?
This has to be one of the most evil women in the world.
Clinton put her on, to immunize himself from discussions of the wall.
I think that the Dilbert Principal has gone into turbo-overdrive when it comes to government.
I just heard that the guy who was in charge of one of the BIG investment houses that went under (I think it was Bear-Stearns) is now working at the Federal Reserve.
But Gorelick needs to be in prison.
Un-Freaking-Believable!
Mark
This woman should be in jail. She has done more to destroy Wall Street than anyone else. She made millions at Fanny Mae as the ship was sinking. And don’t forget, she was responsible for the “Gorelick Wall” which prevented the CIA & FBI from sharing terroist intellegence back in the good old Clinton days which resulted in the 9/11 attacks.
Why not Janet Reno?
Though she had no training or experience in finance, Gorelick was appointed the Vice Chairman of Fannie Mae and served in the role from 1997 to 2003. During that six-year period, she earned over $26 million.
http://directorblue.blogspot.com/2008/09/jamie-gorelick-mistress-of-disaster.html
Jamie Gorelick, Mistress of Disaster
It’s not often that one person plays key roles in two — count ‘em, two — trillion-dollar disasters. Welcome, my friends, to the world of well-connected Democrat Jamie Gorelick.
In 2004, observers were “astonished” to discover that a key member of the 9/11 Commission had a fatal conflict-of-interest. Jamie Gorelick had served as a Deputy Attorney General under Bill Clinton from 1994 to 1997.
It was later revealed that Gorelick had established a pre-Patriot Act “wall” that prevented the foreign intelligence and criminal investigative communities from collaborating.
Her 1995 memo, entitled “Instructions on Separation of Certain Foreign Counterintelligence and Criminal Investigations”, stated explicitly that they would “go beyond what is legally required, [to] prevent any risk of creating an unwarranted appearance that FISA is being used to avoid procedural safeguards which would apply in a criminal investigation.”
The result: shortly before 9/11, Gorelick’s wall “specifically impeded the investigation into Zacarias Moussaoui”, the so-called “20th hijacker.”
At the time, an enraged FBI investigator wrote a memo to headquarters which included the sentence, ‘Whatever has happened to this — someday someone will die — and wall or not — the public will not understand why we were not more effective...”
The 2004 disclosure that Gorelick’s service as a 9/11 Commissioner was the archetypical conflict-of-interest should have triggered a cacophony of complaints and demands for a new investigation. Instead, the mainstream media turned deaf and dumb and the controversy faded into the background.
Gorelick’s “wall” wrapped a blindfold around America just when it needed its vision to stop the attacks that killed thousands and which sucked a half a trillion dollars out of the economy.
Where did Gorelick turn up next?
Though she had no training or experience in finance, Gorelick was appointed the Vice Chairman of Fannie Mae and served in the role from 1997 to 2003. During that six-year period, she earned over $26 million.
During Gorelick’s tenure, FNMA suffered a $10 billion accounting scandal, an ominous harbinger of the firm’s looming troubles. One of the falsified transactions helped FNMA hit earnings targets for 1998, which triggered bonuses for top executives including nearly $800,000 to Gorelick.
Put simply “Jamie Gorelick was one of the Fannie executives who benefited from inflated bonuses based on Enron-style accounting.”
In 2002 Business Week interviewed Gorelick concerning the health of FNMA. She responded, “We believe we are managed safely. We are very pleased that Moody’s gave us an A-minus in the area of bank financial strength — without a reference to the government in any way. Fannie Mae is among the handful of top-quality institutions.”
Less than a year later regulators “accused Fannie Mae of improper accounting to the tune of $9 billion in unrecorded losses.”
Today, of course, FNMA is on taxpayer-funded life support, currently trading at 61 cents a share. And because it was thought to have been “managed safely” (Gorelick’s words), many top-flight financial services companies held its stock.
Last week it was revealed that top insurer AIG was teetering on the precipice of disaster because, in part, it held $600 million in Fannie and Freddie. Roughly $4 billion in those stocks are held by insurers, according to rating agency A.M. Best.
Put simply, FNMA’s collapse helped touch off the current swath of instability in the financial system.
It’s not often that one person plays such a key role in two unmitigated disasters.
Democrat Jamie Gorelick is just such a person; that is why she has earned her nom de guerre “The Mistress of Disaster”.
What do you call someone with a Midas Touch, only instead of gold everything they touch turns to s***? That’s what Gorelick’s got.
If I was one of her associates at the law firm of WilmerHale, I’d keep my head on a frickin’ swivel.
Update: Just Barking Mad adds even more foaming-at-the-mouth-level anger to the story:
In 1999 Fannie Mae announced that it would purchase $10B in CRA loans. In 2001 they reached that target as Ms. Gorelick announced that they would roll these into special security issues...
Yep, you guessed it. Gorelick also had a direct hand in the mortgage securitization debacle. I’m guessing we could link her to a few other catastrophes if we did the legwork. Where was she when the Hindenberg below up, for instance?
yep 41 is the magic number for us.
Right now we still have the numbers without those two Bozos. 'Now' being the operative word. Coleman and Sessions HAVE to win.
Then there's the wild card, Lieberman. If he realizes Gorelick will be an imbecile on the WOT, that's prolly another for 'us'.
(no offense to Bozo the Clown)
1) The Dems would not allow thorough questioning and would shut it down procedurally.
2) The Rep members would be told "You want any earmarks over the next 4 years? You want ANY legislation you support to see the light of day? Then smile and STFU and rubberstamp this appointment"
That's the Chicago way.
She is one of the worst people in America.
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