TV News LIES

Monday, Jul 28th

Last update06:04:47 AM GMT

You are here News Of Special Interest Rahm Emanuel's profitable stint at mortgage giant

Rahm Emanuel's profitable stint at mortgage giant

E-mail Print PDF

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.

More...


Most Recent Related Stories...


Billionaire Ackman accuses Herbalife of fraud

HerbalifeBillionaire hedge fund manager Bill Ackman broadened his public assault Tuesday on diet shaker maker Herbalife,...

Edward Snowden urges professionals to encrypt client communications

Edward SnowdenThe NSA whistleblower, Edward Snowden, has urged lawyers, journalists, doctors, accountants, priests and others with a...

Snowden: NSA snoops shared intercepted sextings

NSA intercepted sextsFormer National Security Agency contractor Edward Snowden says the analysts who monitored the texts and e-mails...

Bowe Bergdahl Thanks Obama for ‘Saving His Life’

Bow BergdahlU.S. Army Sergeant Bowe Bergdahl has a new lawyer to defend him as the Army investigates...
 
America's # 1 Enemy
Tee Shirt
& Help Support TvNewsLIES.org!
TVNL Tee Shirt
 
TVNL TOTE BAG
Conserve our Planet
& Help Support TvNewsLIES.org!
 
Get your 9/11 & Media
Deception Dollars
& Help Support TvNewsLIES.org!
 
The Loaded Deck
The First & the Best!
The Media & Bush Admin Exposed!