Flashback: Rahm Emanuel Expert Stock Trader in Freddie Mac

Flashback to The Business Insider :

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," which will hit bookshelves tomorrow.

Emanuel served on the board of the Government-backed lender before his election to Congress in 2003, and later held a seat on the House Financial Services' Committee's Subcommittee on Capital Markets, Insurance, and Government-Sponsored Enterprises — the very committee charged with regulating the Freddie Mac.

Ever notice how Eric Holder was more concerned with petty George Zimmerman instead of the corruption at Freddie Mac? That's why you need Eric Holder as Attorney General, because large scale corruption can't prosper without a crooked lawyer at the top. No word yet on this story from Eric Holder's big fan, who amazingly stays out of jail: Chicago Mob boss John "No Nose" DiFronzo.