Mayoral challenger Gery Chico charged Tuesday that Rahm Emanuel “sat on his hands, looked the other way and took the cash” when presented with an “Enron-style” scandal as a board member of home mortgage giant Freddie Mac.When is Freddie Mac going to be brought to justice?
After leaving the administration of then President Bill Clinton and before running for Congress, Emanuel parlayed his political connections into an investment banking job in which he earned $16 million over three years. He also made at least $320,000 as a Freddie Mac director after he was given what Chico calls a “sweetheart appointment” by Clinton.
Chico portrayed Emanuel’s 14-month stint on the Freddie Mac board as a see-no-evil, hear-no-evil performance that speaks volumes about how he would respond to City Hall corruption if elected mayor.
Tuesday, January 18, 2011
Ghost of Freddie Mac: Chico says Emanuel ‘looked the other way’ during financial scandal
The Chicago Sun-Times reports:
