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.
Newly released records show a US citizen was shot and killed in Texas by a federal...
In a statement, the Egyptian government called it a "dangerous escalation aimed at consolidating Israeli control...
Venezuela's acting president on Thursday signed into law an amnesty bill that could lead to the...
Chris Tackett started tracking extremism in Texas politics about a decade ago, whenever his schedule as...
