RAHM EMANUEL: In Banking, Top Obama Aide Made Money and Connections (FRIEND OF MADOFF?)

NY TIMES ^ | December 4, 2008

[Liz]

Nice catch from 12/4. The connection may well be Wasserstein........his firm Lazard has been hired to oversee Madoff's finances. ............. “I had this idea that hiring Rahm could work and that it had upside,” said Mr. Wasserstein, now CEO of Lazard, the investment bank.......

Rahm went on to make more than $18M w/ Wasserstein in just 2 1/2 years. Watta financial genius. Maybe Bernie Madoff gave him some inside tips? (snicker)

BTW, did Rahm fillout the 63-count seven-page personnel application Obama gave to possible appointees? How did Rahm outline his numerous ties to financial institutions involved in the federal bailout. Will Rahm's emails to Bernie Madoff embarass Obama? Did he mention his position on the Board of the corrupt Freddie Mac?

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L/E needs to investigate all these jokers immediately.

REFERENCE The "network" was working at warp speed when Rahm Emanuel, a departing senior political aide to President Bill Clinton went kicking and screaming to an elegant restaurant in Dupont Circle to meet John Simpson, of the investment banking boutique Wasserstein Perella & Company's Chicago office.

Simpson flew to Washington to meet Emanuel at the behest of Simpson’s boss, Bruce Wasserstein, a major Dem donor and renowned Wall Street dealmaker (Wasserstein now chair of Lazard Freres---"coincidentally"---has been hired to oversee Ponzi Madoff's finances).

After a 3-hour-plus dinner, Emanuel "accepted" an offer, taking him down the network's well-trodden gilded path from politics to the lucrative world of busines (as if this happens to every poor-slob who is about to become unemployed).