Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: sinanju
Didn’t Rahm supposely make $150mil in salary and bonuses, cooking the books while he was at Fannie Mae?

IIRC that was Franklin Raines with the $150M walkaway bonus.

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.

...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.

Emanuel received $25,000 in contributions from Freddie Mac during his first run in 2002 http://www.liveleak.com/view?i=686_1226023478

Emanuel’s ties to Freddie Mac could become especially problematic considering the fact that the company was accused of “illegally using corporate resources between 2000 and 2003 for 85 fundraisers that collected about $1.7 million for federal candidates.”
http://www.poligazette.com/2008/11/08/rahm-emanuel-under-fire-tax-evasions-and-freddie-mac-ties/

9 posted on 12/30/2008 1:32:48 AM PST by blueplum
[ Post Reply | Private Reply | To 8 | View Replies ]


To: blueplum
Did Rahm fillout the 63-count seven-page personnel application Obama gave to possible appointees? If so, how did Rahm outline his ties to financial institutions involved in the federal bailout? His activities on the Freddie Mac Board? Rahm's emails to Madoff?

REFERENCE After serving as an advisor to Bill Clinton, in 1998 Emanuel resigned his position to become a Wall Street investment banker with Wasserstein Perella, (now Dresdner Kleinwort), where he worked until 2002. In 1999, he became a managing director at the firm’s Chicago office. Emanuel made $16.2 million in his two-and-a-half-year stint as a banker, according to Congressional disclosures. At Wasserstein Perella, he worked on eight deals, including the acquisition by Commonwealth Edison of Peco Energy and the purchase by GTCR Golder Rauner of the ecurityLink home security unit from SBC.

After Emanuel left banking to run for Congress, members of the securities and investment industry became his biggest backers, donating more than $1.5M to his campaigns dating back to 2002, according to the Center for Responsive Politics. Mr. Emanuel also leaned heavily upon the industry as 2006 Dem Congressional Campaign Committee Chair. Financial industry donors contributed more than $5.8M to the Dem committee, behind only retirees.

Then President Bill Clinton in 2000 named Emanuel to the Board of Directors for the Federal Home Loan Mortgage Corporation ("Freddie Mac"). Rahm's position paid him $31,060 in 2000 and $231,655 in 2001. During the time Emanuel spent on the board, Freddie Mac was plagued with scandals involving campaign contributions and accounting irregularities. The Office of Federal Housing Enterprise Oversight (OFHEO) later accused the board of having "failed in its duty to follow up on matters brought to its attention." Emanuel resigned from the board in 2001 when he ran for Congress.

Obaba should understand that Rahm is bad news for him. Every Obaba news clip, every pic, Rahm strives to overshadow Obaba. Rahm cops an arrogant stance----his hands on his hips ----delivering the message---"Forget Obaba, I'm in charge. You will deal with me. So don't even think about fricking with me. "

33 posted on 12/30/2008 7:09:48 AM PST by Liz (The right to be left alone is the beginning of freedom. USSC Justice William O. Douglas)
[ Post Reply | Private Reply | To 9 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson