Follow BeltwayBlips on Twitter
Emanuel’s Freddie Mac Connection
QandO —
Well this isn’t good: 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 ...
Rahm Emanuel Was on Freddie Mac Board When They Cooked the Books
JammieWearingFool —
... Of course this would only matter of Emanuel were a Republican and he was appointed White House Chief of Staff. But since he has that protective D after his name, it won't matter. 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 ...
ABC News; Obama Chief of Staff Was Director of Freddie Mac During Collapse
Flopping Aces —
... 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.”
link
...
Rahm Emmanuel (D) Sat on Fannie-Freddie Board While They Cooked the Books
The Jawa Report —
November 07, 2008 Rahm Emmanuel (D) Sat on Fannie-Freddie Board While They Cooked the Books SO - where is that objective media to pile on here, providing oversight of the government that it doesn't provide itself, asking the tough questions of those in positions of authority and speaking truth to power? Oh, I forgot. This is Obama's new Chief of Staff . Can't ask him anything. It would be "racist" or "dangerous" or "divisive." ABC News: President-elect Barack Obama's newly appointed chief of staff, Rahm Emanuel, served on the board of directors of the federal mortgage firm ...
It’s ok to be associated with Freddie Mac …
Sister Toldjah —
… as long as you’re a Democrat:
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 ...
Truth Leaks Begin: Emanuel Was Director of Freddie Mac
NewsBusters.org - Exposing Liberal Media Bias —
Now that Barack Obama has won his bid for the White House, Americans should get ready to learn some inconvenient truths about him and the folks surrounding the president-elect that media have safely hidden from the public in order to promote his messiah-like image. First out of the gate were revelations about Rep. Rahm Emanuel (D-Ill.), the Obama supporter and Congressional Democratic Caucus chairman Obama has tapped to be his Chief of Staff. On Friday, ABC's Brian Ross reported that Emanuel was on the Board of Directors of the failed financial institution Freddie Mac, a nice little tidbit conservatives on radio and in the ...
Pres-Elect Obama's New Chief of Staff Has Freddie Mac Issues
A Blog For All —
... when Freddie Mac was cooking the books. He didn't blow the whistle on the situation or the fact that the entity was about to go broke over the subprime mess, which he and his fellow Democrats chose to ignore for years in the name of affordable housing. As ABC News ...
New Boss, Old Boss, Etc.
Vodkapundit —
Rahm Emanuel missed “red flags” during his tenure at Freddie Mac : 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 (click here to read) but the entire board was later accused by the Office of Federal Housing Enterprise Oversight (OFHEO) (click here to read) of having “failed in its duty to follow up on matters brought to its ...
Emanuel tied to Freddie Mac collapse
Hot Air » Top Picks —
Emanuel tied to Freddie Mac collapse posted at 11:30 am on November 7, 2008 by Ed Morrissey Send to a Friend | printer-friendly During the campaign, Barack Obama had to fight off assertions that Freddie Mac and Fannie Mae had him in their pocket while the two GSEs committed fraud and declined to their collapse. Obama didn’t help that perception when he chose Jim Johnson, Fannie Mae’s former CEO and chair, as the leader of his VP search committee, a position Johnson resigned shortly afterwards. Now ABC reports that Obama’s new chief of staff, Rahm Emanuel, sat on the board of Freddie Mac during the critical period: ...
MIDDAY ROUNDUP
News —
MIDDAY ROUNDUP President-elect Barack Obama is already having an effect on the Iraqi government, Obama's blogging backers note. Rep. Rahm Emanuel (D-Ill.), Obama's White House chief of staff, is already the source of bad press for the incoming administration, conservative bloggers write. And with Obama and Vice President-elect Joe Biden about to leave the Senate, the scramble for their seats is on, blogging pundits note. Iraqi Shiite politicians are now taking seriously a proposed 2011 deadline for a U.S. troop departure now that they know that Obama and the Democrats will be in power, reports The New York Times . Because Obama and ...
Rahm Emanuel Under Fire: Tax Evasions and Freddie Mac Ties
PoliGazette —
Shortly after Rahm Emanuel was reported to have accept president-elect Barack Obama’s offer to be his Chief of Staff in the White House, ABC News reported that Emanuel has close ties to Freddie Mac. Freddie Mac is the financial institution closely connected to the crisis in the financial markets - it contributed to the crisis to a very significant degree.
According to ABC News, Emanuel served on the board of directors of Mac at a time when the federal mortgage firm was under fire due to (financial) mismanagement.
‘According to a complaint later filed by the Securities and Exchange Commission, Freddie ...
On Rahm
Open Left - Front Page —
... , ushering in a new spirit of take-no-prisoners Democrats. He'll also effectively protect Obama from attacks from the right, since they'll be way too scared of him to mention Emanuel's tenure on the board of Freddie Mac. ...
Does ABC’s Brian Ross have it in for Obama?
The Democratic Daily —
Jeepers. Brian Ross of ABC News broke the Reverend Wright story back on March 13. (And not, as noted, by Bill O’Reilly as Billo The Clown brays.) And, as I’ve noted, Brian Ross has a tendency to act as a GOP operative in a particularly sleazy way for a “journalist.”
So what’s today’s entry in Ross’ “hit” parade?
Uh …
Emanuel Was Director Of Freddie Mac During Scandal
New Obama Chief of Staff, Others on Board, Missed “Red Flags” of Alleged Fraud ...
Gates of Vienna News Feed 11/8/2008
Gates of Vienna —
... Emanuel Was Director of Freddie Mac During Scandal New Obama chief, others on board, missed ‘red flags’ of alleged fraud scheme 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 ...
Obama: Only Four Days, Already Two Broken Promises
Stop The ACLU —
-By Warner Todd Huston It has only taken four days into his transition period to discover what Barack Obama’s idea of “change” is. Sadly, we find out that the “change” he had in mind was that of changing his mind on campaign promises because it seems as though he is already stepping back from two of them. By his pick for Chief of Staff he has obviated the new bipartisan Washington he claimed he was to orchestrate and by hiring a lobbyist for head of the FCC as well as signaling that he is softening his resistance to other lobbyists he is stepping back from the idea that lobbyists will be on the outside looking in with his new administration. ...
