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Reply #85: The White House doesn't have to look too far to find the problem... [View All]

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lib2DaBone Donating Member (1000+ posts) Send PM | Profile | Ignore Mon May-31-10 11:32 AM
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85. The White House doesn't have to look too far to find the problem...
Edited on Mon May-31-10 11:38 AM by lib2DaBone
Rahm Emanuel is over there now getting his marching orders.

You remember Rahm Emanuel.. the White House Chief of Staff, a dual-citizen who chose to serve in the Israeli Army instead of the United States Army?
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Emanuel was named to the Board of Directors of the Federal Home Loan Mortgage Corporation (Freddie Mac) by President Bill Clinton in 2000. His position earned him at least $320,000, including later stock sales.<31><32> He was not assigned to any of the board's working committees, and the Board met no more than six times per year.<32>

During his time on the board, Freddie Mac was plagued with scandals involving campaign contributions and accounting irregularities.<32><33> The Obama Administration rejected a request under the Freedom of Information Act to review Freddie Mac board minutes and correspondence during Emanuel's time as a director.<32>

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.
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