Tuesday, November 15, 2011

Book: Rahm Emanuel Dumped Tons Of Freddie Mac Stock Days Before It Collapsed

The Business Insider reports:
Former White House Chief of Staff Rahm Emanuel is the latest lawmaker to get caught up in allegations of insider trading while a member of Congress.

Then-Rep. Emanuel reportedly sold up to $250,000 in Freddie Mac stock on February 21, 2003 days before it dropped by 10 percent — and weeks before it was publicly revealed that the entity was under criminal investigation for inflating earnings. The allegations are revealed in Peter Schwiezer's new book "Throw Them All Out,"


The high ethics of Rahm Emanuel.