Sunday, January 30, 2011

Emanuel owes voters some answers about Freddie Mac

Carol Marin in the Chicago Sun-Times has an interesting column about Rahm Emanuel and Freddie Mac:
Thursday night at the WGN-Tribune mayoral debate, co-moderator Bruce Dold asked for the hard truth about Emanuel’s part-time job in 2000 and 2001 as a board member of the now-disgraced mortgage giant Freddie Mac. He was paid $320,000 to attend six meetings a year.

“Did you earn the money?” Dold asked.

Emanuel, who likes to number his arguments, listed three points, the third of which was that he wasn’t identified by name in a scathing report of Freddie Mac’s abject failures, some of which occurred under his watch.

Dold persisted: “You have an ad that says politicians shouldn’t get rich on the backs of people. Did you earn $320,000 for six meetings?”

“That’s what they paid at the time,” said an expressionless Emanuel.

“Did you feel bad about it?” asked Dold.

“Did I feel bad about it?” Emanuel repeated.

“Did you earn it?” Dold persisted.

Emanuel never answered.
Eric Holder doesn't care either!