Why Isn't Rahm Emanuel In Jail For Accounting Fraud? Freddie Mac Scandal Shows How Corrupt Chicago's Infamous Mayor Is

Flashback to 2011. Chicago Now :

Several hours ago, Rahm Emanuel was asked about Gery Chico's charge that when Emanuel was informed of scandal on the Freddie Mac board, he sat on his hands and took the cash.

Emanuel didn't deny it. Instead, he said he was never mentioned "by name" in any of the wrongdoing. Here's the hard truth - Rahm won't answer the hard questions about Freddie Mac. Supported by facts reported in detail by the Chicago Tribune and backed up by the Falcon report prepared by the Office of Federal Housing Enterprise Oversight (OFHEO) , Chico stood by his statement that when Emanuel had the chance to blow the whistle on corrupt government, he instead chose to turn his head the other way and take the cash.

"With less than five weeks to go until the election, Emanuel must give voters an explanation on why he didn't blow the whistle on corruption," Gery Chico said.

According to the Falcon report, the entire Freddie Mac board of directors, including Rahm Emanuel, was made aware of an accounting scandal during Emanuel's tenure. Additional key findings in the report - which is attached - are:

1- Under Emanuel's tenure on the Freddie Mac board, Freddie Mac misreported profits by billions of dollars in order to deceive investors.

2 - The entire Freddie Mac board repeatedly ignored warnings about serious accounting problems that led to the biggest federal housing scandal in history during the time Emanuel was on the Board.

3 - Neither Rahm Emanuel nor any other member of the Freddie Mac Board ever blew the whistle to alert taxpayers about the scandal, which ended costing taxpayers more than a half a billion dollars.

When is Rahm Emanuel going to give back money he didn't earn honestly? When?