Friday, October 01, 2010

did Rahm Emanuel served on the board of Fannie/Freddie mac?

did Rahm Emanuel served on the board of Fannie/Freddie mac?

think people are stillt rying to get minutes of this board of directors that drove the company into the ground,yet top execs walked away with millions.

Emanuel was named to the Board of Directors of the Federal Home Loan Mortgage Corporation (Freddie Mac) by President Bill Clinton in 2000. His position earned him at least $320,000, including later stock sales.[31][32] He was not assigned to any of the board's working committees, and the Board met no more than six times per year.[32]




During his time on the board, Freddie Mac was plagued with scandals involving campaign contributions and accounting irregularities.[32][33] The Obama Administration rejected a request under the Freedom of Information Act to review Freddie Mac board minutes and correspondence during Emanuel's time as a director.[32]


The Office of Federal Housing Enterprise Oversight (OFHEO) later accused the board of having "failed in its duty to follow up on matters brought to its attention." Emanuel resigned from the board in 2001 when he ran for Congress.[34]


see more on this self serving prick / character at ........
http://en.wikipedia.org/wiki/Rahm_Emanuel
Emanuel joined the House in January 2003 and was named to the Financial Services Committee, where he also sat on the subcommittee that directly oversaw Freddie Mac. A few months later, Freddie Mac Chief Executive Officer Leland Brendsel was forced out, and the committee and subcommittee launched hearings to sort out the mess, spanning more than a year. Emanuel skipped every hearing, congressional records indicate.

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