The New York Times does a profile on Rahm Emanuel and accidentally forgets to mention that Rahm Emanuel was a board member of
Freddie Mac before coming to Congress.What does Rahm Emanuel know about one of the biggest financial frauds in U.S. history? Some honest people want to know.Here's Freddie's recent
legal problems:
Freddie Mac (NYSE:FRE) received on Friday, September 26, 2008 a federal grand jury subpoena from the United States Attorney's Office for the Southern District of New York. Also on Friday, September 26, 2008, Freddie Mac received from the Staff of the Enforcement Division of the United States Securities and Exchange Commission notice indicating that the Enforcement Division is also conducting an inquiry, and directing the Company to preserve documents. The subpoena seeks documents relating to accounting, disclosure and corporate governance matters for the period January 1, 2007 to the present.
Here's more on Rahm Emanuel's
Freddie Mac from September 27, 2007:
Freddie Mac has agreed to pay a $50 million penalty after being charged with securities fraud by the Securities and Exchange Commission following an investigation related to the restatement of financial results.
The SEC said Thursday it charged McLean-based Freddie Mac with securities fraud in connection with improper earnings management beginning as early as 1998 and lasting into 2002.
Money from the $50 million penalty is expected to be distributed to injured investors through a fund, the SEC said in a statement. The proposed settlement still needs court approval.
Maybe,the New York Times or Barack Obama could ask Rahm Emanuel some questions.Do Republicans want Rahm Emanuel as Obama's Chief of Staff so they can tie the housing crisis to him?
