President-elect Barack Obama's newly appointed chief of staff, Rahm Emanuel, served on the board of directors of the federal mortgage firm Freddie Mac at a time when scandal was brewing at the troubled agency and the board failed to spot "red flags," according to government reports reviewed by ABCNews.com.Rahm Emanuel is as crooked as they come that's why Eric Holder has to keep him out of jail so he can keep stealing. Will Chicago Teachers Union boss Karen Lewis confront Rahm Emanuel about his stealing in the coming Mayoral campaign?
According to a complaint later filed by the Securities and Exchange Commission, Freddie Mac, known formally as the Federal Home Loan Mortgage Corporation, misreported profits by billions of dollars in order to deceive investors between the years 2000 and 2002.
Emanuel was not named in the SEC complaint (click here to read) but the entire board was later accused by the Office of Federal Housing Enterprise Oversight (OFHEO) (click here to read) of having "failed in its duty to follow up on matters brought to its attention."
Sunday, August 24, 2014
Will Teachers Union Boss Karen Lewis Ask Rahm Emanuel to Give Back The Freddie Mac Money He Got As A Board of Director ?
Flashback to ABC News:
Posted by Steve Bartin at 7:03 PM