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Barack Obama Thug Chief of Staff? Chicago’s Rahm Emanuel

Rahm Emanuel, the man President elect Barack Obama has chosen to be his Chief of Staff, is being slated a thug out of Chicago – and the reasons are intriguing.

Rahm Emanuel, a Democratic member of the United States House of Representatives who was the chair of the Democratic Congressional Campaign Committee for the 2006 elections, may become Obama’s Chief of Staff.

Rahm Emanuel isn’t just what Obama would have you believe he is – but he is also an alleged thug who let Freddie Mac and its investors come crashing to the ground.

Emanuel was on the Board of Directors of Freddie Mac when it began its downward spiral. According to a blog, ABC News reported:

According to a complaint later filed by the Securities and Exchange Commission, Freddie Mac, known formally as the Federal Home Loan Mortgage Corporation, misreported profits by billions of dollars in order to deceive investors between the years 2000 and 2002. Emanuel was not named in the SEC complaint but the entire board was later accused by the Office of Federal Housing Enterprise Oversight (OFHEO) of having “failed in its duty to follow up on matters brought to its attention.”

Rahm Emanuel was born in Chicago, Illinois and is of Jewish descent. Obama apparently appreciates Emanuel’s knowledge of policy, politics and Capitol Hill. He says Emanuel will “have his back” in his future administration.

November 10, 2008 - Posted by | Uncategorized | , , , , ,

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