Posted on 11/07/2008 5:02:10 AM PST by FocusNexus
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 reviewed by ABCNews.com.
According to a complaint later filed by the Securities and Exchange Commission, Freddie Mac, known formally as the Federal Home Loan Mortgage Corporation, misreported profits by billions of dollars in order to deceive investors between the years 2000 and 2002.
Emanuel was not named in the SEC complaint but the entire board was later accused by the Office of Federal Housing Enterprise Oversight (OFHEO) of having "failed in its duty to follow up on matters brought to its attention."
(Excerpt) Read more at abcnews.go.com ...
That appointment wouldn’t surprise me in the least.
I just don't know, see tagline...
Fox, meet henhouse.
The media and the Obama zombies have proven that they don’t care about anything but their socialist takeover.
We must not allow this scandal-ridden, hate-mongering, divisive, partisan career politician to become Obama’s CoS.
Let's fire up the phone lines.
Bwah!
The Vast Right Wing Conspiracy shall ride again.
this is sad beyond words.
The majority of the American electorate has truly become a flock of mindless Sheeple who only pays attention to the growl in their stomach.
When their stomachs growl, they want a new sheepherder regardless of the true cause of their hunger.
Sheeple being Sheeple, in four years, they will desperately be demanding a new sheepherder. The sad part, however, is that they will still not understand why they want a new sheepherder. They will only know that, instinctively, they want a new one because the growl in their stomachs has increased. All other factors are beyond their comprehension.
link is PG-13!
“We are better informed and more able to connect dots than anyone in the media - a fact that amazes me every day.”
The media is very rarely interested in the whole truth.
They didn’t care because of the economy..they wanted CHANGE, but they’ll care once Obama get’s in and the economy starts to tank even more...then they’ll care.
Well, Obama will soon find out that he has just become the next "Great Satan" in the eyes of the Islamic world.
For a naive Babe in the Woods, that is a good thing.
Taht’s why Obama likes him. The more ruination they can inflict on the economy, the more dependent people they make — and own — and teh easier it is to sell their socialism.
Burn the Reichstag and blame the conservatives.
Rahm also earned $200,000; criminal.
Unbelievable. Cheif of Staff!?
I´m not so sure. The public voted for an image. The image of “hope,” the idea that “yes we can,” but when they start to realize what they just did, I think the shine might soon wear off...
Now we know. I suggest Freepers go into research and archive mode before history is erased to protect the guilty.
This will not get the airplay that Palins cloths got.
This country is so screwed.
Excellent. He’s got dirty money on his hands and he’s a clinton holdover. Doesn’t sound like much of a “change,” does it? I wonder how low O’s ratings can go before he even takes offce.
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