Before its portfolio of bad loans helped trigger the current housing crisis, mortgage giant Freddie Mac was the focus of a major accounting scandal that led to a management shake-up, huge fines and scalding condemnation of passive directors by a top federal regulator.
One of those allegedly asleep-at-the-switch board members was Chicago's Rahm Emanuel—now chief of staff to President Barack Obama—who made at least $320,000 for a 14-month stint at Freddie Mac that required little effort.
As gatekeeper to Obama, Emanuel now plays a critical role in addressing the nation's mortgage woes and fulfilling the administration's pledge to impose responsibility on the financial world.
House Democrats will introduce six articles of impeachment against Defense Secretary Pete Hegseth on Wednesday accusing...
Former Columbia University student and Palestinian rights activist Mahmoud Khalil is now a step closer to...
President Trump says the U.S. military began a blockade of Iranian ports on Monday, drawing threats...
Israel’s cabinet has secretly approved a record number of new settlements in the occupied West Bank,...
