Truth Leaks Begin: Emmanuel was director of Freddie Mac, page 1
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Topic started on 7-11-2008 @ 08:43 PM by jdl79

Truth Leaks Begin: Emmanuel was director of Freddie Mac


abcnews.go.com
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.
(visit the link for the full news article)


Related News Links:
abcnews.go.com


reply posted on 7-11-2008 @ 08:46 PM by Interestinggg
en.wikipedia.org...

Emanuel held 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. During the time Emanuel spent on the board, Freddie Mac was plagued with scandals involving campaign contributions and accounting irregularities.

This guy is bad bad news.



reply posted on 7-11-2008 @ 09:13 PM by ProfEmeritus
reply to post by Frogs


Yes, it was Barney Frank:

Frank met Moses in 1987, the same year he became the first openly gay member of Congress.

"I am the only member of the congressional gay spouse caucus," Moses wrote in the Washington Post in 1991. "On Capitol Hill, Barney always introduces me as his lover."

The two lived together in a Washington home until they broke up in 1998, a few months after Moses ended his seven-year tenure at Fannie Mae, where he was the assistant director of product initiatives. According to National Mortgage News, Moses "helped develop many of Fannie Mae’s affordable housing and home improvement lending programs."

Critics say such programs led to the mortgage meltdown that prompted last month’s government takeover of Fannie Mae and its financial cousin, Freddie Mac. The giant firms are blamed for spreading bad mortgages throughout the private financial sector.

www.foxnews.com...


reply posted on 7-11-2008 @ 09:20 PM by jdl79
reply to post by angel of lightangelo



I couldn't agree more. I have been trying to tell people that Obama or Mccain, you would end up with the same results. I don't buy into blue guy vs. red guy. It just appears now that some Obama supporters are going to have to actually listen and not just arrogantly deny any wrong doing by Barack as the media may no longer be sheltering him.



reply posted on 7-11-2008 @ 09:41 PM by ProfEmeritus
reply to post by marg6043



BTW thanks for the reassurance, I am already trying to figure out if orange favor my complexion..

Please we need to keep track of this threads to have a clear and better overview of the people our new President will be surrounding with.

Marg- Don't worry, you can get a nice orange jumpsuit in any consignment shop.

We REALLY need to start worrying if Obama puts Tony Resko in charge of the new REAL ESTATE DIVISION he is going to create.


reply posted on 7-11-2008 @ 09:42 PM by skeptic1
reply to post by marg6043



I am sure that he knew.

He wouldn't appoint him unless he knew what the man was about. Meaning that I am sure a background check was done....they wouldn't want any surprises, would they??

Same old, same old....


[edit on 11/7/2008 by skeptic1]
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