Thursday, March 26, 2009

Rahm Emanuel Profitable Position At Mortgage Giant Freddie Mac Earns Him $320K


White House Chief of Staff Rahm Emanuel smiling along side
of disinterested Obama surrogates John Podesta Right and
David Axelrod Left.

Before its portfolio of bad loans that helped to trigger the current housing crisis mortgage giant Freddie Mac was the focus of a major accounting scandal that led to management shake-up, huge fines and scalding condemnation of passive directors by a top federal regulator.

One of the Directors asleep at the switch was Rahm Emanuel, who received compensation of at least $320,000 for his 14 month stint at Freddie Mac, that required little effort.

Rest here from the Chicago Tribune