Wednesday, February 18, 2009

Again, something that could have been brought to my attention yesterday...!!! Rahm Emanuel is a thieving S.O.B.

White House Chief of Staff Rahm "I want 'em dead" Emanuel accepted free rent worth up to $100,000, in violation of House ethics rules, and possibly IRS regualtions. In addition he served on the board of Freddie Mac during the time frame in which it was illegally lying about it's earnings.

Most Ethical Administration Evah!!!!

NEWS broke last week that Rahm Emanuel, now White House chief of staff, lived rent- free for years in the home of Rep. Rosa De Lauro (D-Conn.) - and failed to disclose the gift, as congressional ethics rules mandate. But this is only the tip of Emanuel's previously undislosed ethics problems.

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Nor is this all that seems to have been missed in the Obama team's vetting process. Consider: Emanuel served on the Freddie Mac board of directors during the time that the government-backed lender lied about its earnings, a leading contributor to the current economic meltdown.

The Federal Housing Enterprise Oversight Agency later singled out the Freddie Mac board as contributing to the fraud in 2000 and 2001 for "failing in its duty to follow up on matters brought to its attention." In other words, board members ignored the red flags waving in their faces.

The SEC later fined Freddie $50 million for its deliberate fraud in 2000, 2001 and 2002.

Meanwhile, Emanuel was paid more than $260,000 for his Freddie "service." Plus, after he resigned from the board to run for Congress in 2002, the troubled agency's PAC gave his campaign $25,000 - its largest single gift to a House candidate.

source

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