When will Rahm Emanuel give back the money?

posted at 1:32 pm on March 26, 2009 by Ed Morrissey

Capitol Hill exploded in outrage this month when AIG paid retention bonuses to the employees it brought on board to rescue the company from the shoals.  What about people in high government office who profited from unethical behavior during the period when the damage got done?  Congress could start demanding refunds from those people — like, say, Barack Obama’s chief of staff Rahm Emanuel:

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. …

The board met no more than six times a year. Unlike most fellow directors, Emanuel was not assigned to any of the board’s working committees, according to company proxy statements. Immediately upon joining the board, Emanuel and other new directors qualified for $380,000 in stock and options plus a $20,000 annual fee, records indicate.

On Emanuel’s watch, the board was told by executives of a plan to use accounting tricks to mislead shareholders about outsize profits the government-chartered firm was then reaping from risky investments. The goal was to push earnings onto the books in future years, ensuring that Freddie Mac would appear profitable on paper for years to come and helping maximize annual bonuses for company brass.

Nor was that the only scandal at the GSE for which Emanuel had a ringside seat.  The board approved a scheme to increase its political influence by using corporate resources for campaign fundraisers.  That violation netted Freddie Mac a hefty $3.8 million fine for the 2002 electoral cycle, although by that time, Emanuel — one of the recipients of the fundraising — had won a seat in Congress.  Emanuel was also around when Freddie Mac deliberately misstated earnings, creating a $5 billion write-off and almost $600 million in fines and settlements after OFHEO discovered the false figures in 2003.

Congress had plenty of venom to unleash on AIG execs this month over some contractually-obligated retention bonuses.  Why not go after some of the people really responsible for the collapse — the people who sat on boards while cooking the numbers, fooling investors, and evading auditors?  When will Congress pass a bill asking Freddie Mac and Fannie Mae board members during this period to return the ill-gotten gains they received from perpetrating a Ponzi scheme with government backing?

Well, that’s the answer right there.  Too many of the people in Congress who vented outrage over retention bonuses not only approved of the Ponzi schemes at the GSEs, they colluded in creating them.  Barney Frank, Chris Dodd, et al have little room to castigate Rahm Emanuel for merely enacting what they created.  And that, of course, is the root of the hypocrisy.


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Somehow I think there will an astonishing lack of piano wire threats headed his way.

Grafted on March 26, 2009 at 1:35 PM

Every last person here should email this story to everyone we know. This is despicable.

bloggless on March 26, 2009 at 1:35 PM

Quick and dirty answer: No.

“Outrageous outrage for thee but not for me.”

Mommypundit on March 26, 2009 at 1:36 PM

And how many homeless could eat like kings with the bonuses taken by Raines and Gorelick?

whitetop on March 26, 2009 at 1:36 PM

4 legs good. 2 legs bad.

Shy Guy on March 26, 2009 at 1:36 PM

Why not go after some of the people really responsible for the collapse

It doesn’t serve their purpose and it indicts themselves.

PBoilermaker on March 26, 2009 at 1:37 PM

The adults are in charge now.

Del Dolemonte on March 26, 2009 at 1:37 PM

Barney Frank, Chris Dodd, et al have little room to castigate Rahm Emanuel for merely enacting what they created. And that, of course, is the root of the hypocrisy.

And that, of course, was a major cause to our current economic situation……………..

………….. in a just world, these clowns would be in a jail cell.

Seven Percent Solution on March 26, 2009 at 1:38 PM

Since it’s the season for personal attacks–Have you ever noticed that sneaky little smile of Rahm’s? He is so filled with his own self-importance. Can’t blame him though, it must be kind of fun to be the shadow President.

jeanie on March 26, 2009 at 1:38 PM

4 legs good. 2 legs bad.

Shy Guy on March 26, 2009 at 1:36 PM

And 2 legs in ballet tights…very good.

SPCOlympics on March 26, 2009 at 1:38 PM

Great idea, frankly.

AnninCA on March 26, 2009 at 1:38 PM

I’m still surprised that Rahm made it into the chief-of-staff position after his dealings with Blago and Senate-gate. If he could make it past that he can do anything he wants.

progressoverpeace on March 26, 2009 at 1:39 PM

Rahm calls it volunteering

seven on March 26, 2009 at 1:40 PM

Just one more example of the elite getting away with something a regular person couldn’t get away with because they’re connected to people currently in power. I’ll be more inclined to believe those in power are doing the right thing when more people, especially among the cream of the crop, begin to get permanently fired for their incompetence. Not “fired” by being moved around in the government to some obscure position, but actually fired. Kaput! Bye bye! Do not pass go, do not collect $200!

Weebork on March 26, 2009 at 1:41 PM

Boy, if we only had something like a Department of Justice.

Patrick S on March 26, 2009 at 1:41 PM

4 legs good. 2 legs bad.

Shy Guy on March 26, 2009 at 1:36 PM

Exactly.

myrenovations on March 26, 2009 at 1:41 PM

Nothing will come of this.
The leader of the “Brown Shirts” is safe.

elderberry on March 26, 2009 at 1:41 PM

A lot of people should be in jail for this.

Terrye on March 26, 2009 at 1:43 PM

Nor was that the only scandal at the GSE for which Emanuel had a ringside seat.

Ratzo’s beady eyes begin looking for the nearest crevice in the baseboard.

whitetop on March 26, 2009 at 1:43 PM

Who’s up for organizing a bus tour of the houses of prominent administration “criminals”?

Yeah, I have to work too. Oh well.

Bishop on March 26, 2009 at 1:43 PM

progressoverpeace on March 26, 2009 at 1:39 PM

That’s one of the things about this administration that continues to haunt me more and more. There is so much going on that is borderline or outright lying and thuggery and no one seems to care except a few of us on the right wing. Other that the MSM, why is that?

jeanie on March 26, 2009 at 1:45 PM

Rahm should have stayed in his manly leotard.

ErinF on March 26, 2009 at 1:46 PM

http://www.cbo.gov/doc.cfm?index=9925

This has nothing to do with this thread but, on pages 187-189 of this report it talks about making active duty and retired military pay for their own health care. My husband mentioned this to me last week but I didn’t believe him. Since the TOTUS couldn’t get it from wounded vets, he may very well get it from active duty and retirees since there is more of us.

milwife88 on March 26, 2009 at 1:46 PM

Congress had plenty of venom to unleash on AIG execs this month over some contractually-obligated retention bonuses. Why not go after some of the people really responsible for the collapse — the people who sat on boards while cooking the numbers, fooling investors, and evading auditors?

That’s the real hypocrisy. It would be funny to see Emmanuel hoisted by the petard of misdirected outrage, but the real issue is not bonuses, it is the uneconomic hamstringing by congress, and the political appointees of Fran and Fred who deserve the ire.

Vashta.Nerada on March 26, 2009 at 1:47 PM

There is so much going on that is borderline or outright lying and thuggery and no one seems to care except a few of us on the right wing. Other that the MSM, why is that?

Because we (points around the HA room) are all Nazi racists.

Duh.

Bishop on March 26, 2009 at 1:47 PM

BTW: One question that seems to be overlooked is where were the board of directors in AIG’s meltdown and in the bonus negotiations? And where was AIG’s independent auditor–PriceWaterhouseCoopers?

Circling back to the directors, why aren’t there any questions about Obama’s envoy, Richard Holbrooke, serving as an AIG director from 2001 through July 2008. There are some reports, but no questions to Obama. WTF?

http://www.foxnews.com/politics/first100days/2009/03/19/obama-envoy-holbrooke-served-aig-board-bonus-bonanza/

BuckeyeSam on March 26, 2009 at 1:47 PM

I suppose he will give it back when all the Dem’s who floated in and out of Fannie Mae give back their millions earned while Fannie was cooking the books which resulted in their bonuses.

patrick neid on March 26, 2009 at 1:48 PM

I think everyone here is forgetting one thing….its Bush’s fault and Bush should cough up the bonuses. After all, he should have been watching more closely and made a bigger noise if he thought there was something going on. /sarc

belad on March 26, 2009 at 1:48 PM

I know you have to create posts because that’s your job…

But in order save time and pixels:
There will never be outrage at the actual offenders,
There will never be justice for the well connected,
The truth will stifled at every turn.

Oh yeah, and all of these things will happen right in the open to the thundering applause of the masses.

Just trying to help.

Dorvillian on March 26, 2009 at 1:48 PM

Congress could start demanding refunds from those people — like, say, Barack Obama’s chief of staff Rahm Emanuel.

Yep, and don’t forget the thuggish politician who is running the A.I.G. bonus extortion game – the former chief H.U.D. honcho who shares mucho responsibility for the housing crisis, A.G. Andrew Cuomo.

Buy Danish on March 26, 2009 at 1:50 PM

$320,000+ and stock options for 6 days work. Sweeeeeet!

sdd on March 26, 2009 at 1:51 PM

Rahm Emmanuel should have to pay it back – plus 50% interest compounded semiannually – just because he’s such a bleeding hypocrite.

AubieJon on March 26, 2009 at 1:51 PM

And where was AIG’s independent auditor–PriceWaterhouseCoopers?

BuckeyeSam on March 26, 2009 at 1:47 PM

Too busy doing the Oscar awards. Priorities ya know!

Knucklehead on March 26, 2009 at 1:52 PM

4 legs good. 2 legs bad better.

Shy Guy on March 26, 2009 at 1:36 PM

FIFY.

The pigs have already learned to walk…

Caper29 on March 26, 2009 at 1:52 PM

Because we (points around the HA room) are all Nazi racists.

Duh.

Bishop on March 26, 2009 at 1:47 PM

Michael Steele would not disagree with you.

myrenovations on March 26, 2009 at 1:58 PM

You keep forgetting, these people are Dems – that means they are entitled to steal!

Cinday Blackburn on March 26, 2009 at 1:59 PM

When will Rahm Emanuel give back the money?

……….

LOL!

He would be a FOOL to give it back.

Repercussions: ZERO

artist on March 26, 2009 at 2:02 PM

And that, of course, is the root of the hypocrisy.

Democrats are not hypocrites, they are entitled.

myrenovations on March 26, 2009 at 2:03 PM

These people are dems and Chigaco politicians. What do you expect? They do what they want and say what they want which are two different things most of the time.

The new regime is replete with shady dealings and downright corruption. Look at Obamas real estate deal. Look at all the shakedowns Rham has instigated.

The American electorate grows more stupid by the day.

saiga on March 26, 2009 at 2:04 PM

If we are taking back bonus $$$ from the Fannie gang of thieves, the line is going to get pretty long.

http://www.slate.com/id/2200160/

Maybe we can rent the ACORN mob and send them to homes in the DC area?

Angry Dumbo on March 26, 2009 at 2:06 PM

the thundering applause of the masses

The roar of the masses could just be farts

LimeyGeek on March 26, 2009 at 2:06 PM

The American electorate grows more stupid by the day.

saiga on March 26, 2009 at 2:04 PM

Fed by the propaganda of the Obama MSM.

Christian Conservative on March 26, 2009 at 2:06 PM

When will Rahm Emanuel give back the money?

So, as a non-performing exec of a government backed corporation, Rahmbo will retroactively pay 90% tax on this. Yeah, right.

swede7 on March 26, 2009 at 2:09 PM

The American electorate grows more stupid by the day.

saiga on March 26, 2009 at 2:04 PM

We are living Plato’s Allegory of the Cave. MSM casts the shadows on the wall creating the reality they want people to believe, not what it actually is.

timajin on March 26, 2009 at 2:14 PM

Where’s Robespierre when you need him?

I’m serious. I understand the French Revolution these days better than I have before.

petunia on March 26, 2009 at 2:15 PM

Maybe, just maybe , possibly, hopefully they will become so secure in their ability to boondoggle the public that they will do something that not even the kiss bottom media or far left can ignore?

jeanie on March 26, 2009 at 2:16 PM

How many American voters can correctly identify Rahm? Most folks are willfully oblivious, which is why the rabble rousing by the Dems works so well.

Christien on March 26, 2009 at 2:17 PM

That’s easy, tax 90% of it. It’s about to be the new law!

scalleywag on March 26, 2009 at 2:19 PM

Fed by the propaganda of the Obama MSM.

Christian Conservative on March 26, 2009 at 2:06 PM

Ever sense Walter Cronkite lamented about the Viet Nam ware, the MSM has been a downhill proposition. Watergate really sealed the deal. The MSM really do hate America, most likely because they are jealous of people that actually do things as opposed to telling about things real achievers have done.

Look at Dan Rather and Bill Moyers. Two examples of worthless lying shmucks that managed to suck a fortune out of pushing intellectual dope.

saiga on March 26, 2009 at 2:19 PM

Congress could start demanding refunds from those people — like, say, Barack Obama’s chief of staff Rahm Emanuel.

Or Dodd, or Franks, or Pelosi, and the others, who probably recieved campaign donations, from taxpayers.

capejasmine on March 26, 2009 at 2:20 PM

Too many of the people in Congress who vented outrage over retention bonuses not only approved of the Ponzi schemes at the GSEs, they colluded in creating them. Barney Frank, Chris Dodd, et al have little room to castigate Rahm Emanuel for merely enacting what they created. And that, of course, is the root of the hypocrisy.

And they are ripping us off worse than ever while the MSM and the sheep that follow Obama whine and cry about Sara Palin:

(via Instapundit)

Obama’s bank plan could rob the taxpayer
By Jeffrey Sachs
Published: March 25 2009 23:14 | Last updated: March 25 2009 23:14
http://www.ft.com/cms/s/0/b3e99880-1991-11de-9d34-0000779fd2ac.html

The Geithner-Summers plan, officially called the public/private investment programme, is a thinly veiled attempt to transfer up to hundreds of billions of dollars of US taxpayer funds to the commercial banks, by buying toxic assets from the banks at far above their market value. It is dressed up as a market transaction but that is a fig-leaf, since the government will put in 90 per cent or more of the funds and the “price discovery” process is not genuine. It is no surprise that stock market capitalisation of the banks has risen about 50 per cent from the lows of two weeks ago. Taxpayers are the losers, even as they stand on the sidelines cheering the rise of the stock market. It is their money fuelling the rally, yet the banks are the beneficiaries.

Tim Geithner, Treasury secretary, and Lawrence Summers, director of the White House national economic council, suspect that they cannot go back to Congress to fund their plan and so are raiding the Federal Reserve, the Federal Deposit Insurance Corporation and the remaining Tarp funds, hoping that there will be little public understanding and little or no congressional scrutiny.

There is little to nothing that the Obama administration has done that does not involve deceit,lies,cut’n’paste propaganda,and selling out this country for their own personal gain.

Baxter Greene on March 26, 2009 at 2:25 PM

Obama is also a dope pusher. Welfare is worse than crack because it is easier to quit crack. He talks of education reform for “all Children” which is fine, but all the money in the word will not force a horse to drink. Those inner city welfare class kids have been brought up with ZERO personal resonsibility and believe their existence is the governments responsibility, (which it kind of is due because welfare created their situation).

Until Obama gets off his butt and attacks the welfare culture and instills a need for personal responsibility, the inner cities will continue to be full of Katrina victims unable to do little more than live like cows in a pasture.

saiga on March 26, 2009 at 2:26 PM

I wonder why the “Black Leaders” are not outraged by welfare that in some ways is tantimount to slavery. Instead of being beholding to the plantation owner, they are beholding to the government.

If they want true freedon, they must become educated and self reliant. Obama has yet to say 1 word about doing the right thing and honestly stopping welfare as we know it, and start moving on education bu declaring war on the welfare culture and the poisonous un-intended consequences that have hammered the welfare class individuals.

saiga on March 26, 2009 at 2:32 PM

It’s ironic that the reason private companies need more oversight is because the politicians are crooked as heck!

Vince on March 26, 2009 at 2:33 PM

Congress could start demanding refunds from those people — like, say, Barack Obama’s chief of staff Rahm Emanuel.

Or Dodd, or Franks, or Pelosi, and the others, who probably recieved campaign donations, from taxpayers.

capejasmine on March 26, 2009 at 2:20 PM

Obama was the #2 recipient of campaign contributions from the FM’s, just a tad behind Dodd who holds the #1 spot. Of course, this pales in comparison to all of the foreign campaign $$ Obama received. All hail our Criminal in Cheif.

tigerlily on March 26, 2009 at 2:34 PM

Must we be outraged on a daily basis? This is beyond the pale.

scalleywag on March 26, 2009 at 2:34 PM

4 legs good. 2 legs bad.

Shy Guy on March 26, 2009 at 1:36 PM
And 2 legs in ballet tights…very good.

SPCOlympics on March 26, 2009 at 1:38 PM

2 legs in fishnet stockings – even better!

CurtZHP on March 26, 2009 at 2:38 PM

He already spent it all on “fitness” magazines.

Jim Treacher on March 26, 2009 at 2:43 PM

Reasonable people could conclude that the liberals and Obama sincerely believe that the welfare class people simply do not posess the intellectual wherewithall needed to compete with main stream America in the job market. Therfore, welfare is the only lifeline to survival for these poor “handicapt” people. Otherwise, they would all wind up dead or in jail.

Guess what, the current plan almost guarantees jail time or substace addiction. I believe these people have the same intellectual capacity as everyone else, but what they don’t have is confidence. In order to get confidence, they need success, and welfare is juxtopposed to the opportunioty for accomplishment. If Obama really wants to help these people, he should stop focusing on throwing money at them and start focusing on creating the enviornment for them to put forth some positive effort so they can get some confidence.

If he does that first, he will have my support for energy, education and healthcare focus, providing there is no nationalization or socialism.

saiga on March 26, 2009 at 2:44 PM

You are what you eat, and Obama has been soaking in Chicago liberal politics for years. We need to help him open his eyes and shed the myopic liberal blinders he has had sense childhood.

He has gone from a hippie childhood, into years of academic life, to Chicago liberal politics. He has never run a business, served in the military, or even worked a summer construction job. He needs help waking up to a far broader world of hard nosed reality and honest human nature.

There are no pies in the sky, but his performance so far tells me he thinks there is.

saiga on March 26, 2009 at 2:52 PM

And how many homeless could eat like kings with the bonuses taken by Raines and Gorelick?

whitetop on March 26, 2009 at 1:36 PM

I’m guessing quite a few wagyu steaks could be bought with the $90 million bonus paid to FM fraudster (and Obama adviser) Franklin Raines, not to mention the $25 million bonus paid to FM fraudster (and Obama adviser) Jamie Gorelick, for their “work” at FM.

Get busy ACORN. Oh wait, I forgot, you’re not interested in picketing their houses or threatening the lives of their children, because they’re Democratic crooks. Never mind.

AZCoyote on March 26, 2009 at 2:52 PM

Have you seen what shares in Fanny Mae (FNM) did? He may have already given the money back as the stock grants are worthless. Shares are trading at 72 cents (down from $60+). I guess it matters when the options vested and at what price.

jonknee on March 26, 2009 at 3:00 PM

Drip, drip, drip, drip,

I wonder how long it will take for the dead head American electorate to wake up?

saiga on March 26, 2009 at 3:03 PM

You’ll have a tough time finding Rahm’s DC house to drive by it since its not in his name.

Its actually the home of Stanley Greenberg, democratic pollster extraordinaire.

Rahm Emanuel is so chest deep in corruption, he’s basically exporting Chicago to Washington. Oh wait, that’s what Obama is doing……..too.

mngirl on March 26, 2009 at 3:06 PM

A government of the kleptocrats, by the kleptocrats and for the kleptocrats. That’s about it.

MB4 on March 26, 2009 at 3:10 PM

$320,000+ and stock options for 6 days work. Sweeeeeet!

sdd on March 26, 2009 at 1:51 PM

Of course we all know it was a money laundered payoff for influence peddling, past, present and future.

MB4 on March 26, 2009 at 3:14 PM

Sen. Dodd returned his AIG contribution.

When Will Pres. Obama(D) Return His $101,332 AIG Campaign Contribution?

locomotivebreath1901 on March 26, 2009 at 3:19 PM

“Mr. President, are you gonna let that lousy commie punk vomit all over us like this?”

Mr. Pickles on March 26, 2009 at 3:27 PM

So Ken Lay, Jeff Skilling, and Andy Fastow are in the Oval office. What could possibly go wrong?

percysunshine on March 26, 2009 at 3:27 PM

Speaking of one of the DemonRats that should be in jail, here’s an excerpt from Wikipedia re: Franklin Raines

In 1999, he returned to Fannie Mae as CEO, “the first black man to head a Fortune 500 company.”[3]
On December 21, 2004 Raines accepted what he called “early retirement” [4] from his position as CEO while U.S. Securities and Exchange Commission investigators continued to investigate alleged accounting irregularities. He is accused by The Office of Federal Housing Enterprise Oversight (OFHEO), the regulating body of Fannie Mae, of abetting widespread accounting errors, which included the shifting of losses so senior executives, such as himself, could earn large bonuses [5].
In 2006, the OFHEO announced a suit against Raines in order to recover some or all of the $90 million in payments made to Raines based on the overstated earnings [6] initially estimated to be $9 billion but have been announced as 6.3 billion.[7].
Civil charges were filed against Raines and two other former executives by the OFHEO in which the OFHEO sought $110 million in penalties and $115 million in returned bonuses from the three accused.[8] On April 18, 2008, the government announced a settlement with Raines together with J. Timothy Howard, Fannie’s former chief financial officer, and Leanne G. Spencer, Fannie’s former controller. The three executives agreed to pay fines totaling about $3 million, which will be paid by Fannie’s insurance policies. Raines also agreed to donate the proceeds from the sale of $1.8 million of his Fannie stock and to give up stock options. The stock options however have no value. Raines also gave up an estimated $5.3 million of “other benefits” said to be related to his pension and forgone bonuses.[9]
An editorial in The Wall Street Journal called it a “paltry settlement” which allowed Raines and the other two executives to “keep the bulk of their riches.” [10] In 2003 alone, Raines’s compensation was over $20 million.[11]
A statement issued by Raines said of the consent order, “is consistent with my acceptance of accountability as the leader of Fannie Mae and with my strong denial of the allegations made against me by OFHEO.”[12]
In a settlement with OFHEO and the Securities and Exchange Commission, Fannie paid a record $400 million civil fine. Fannie, which is the largest American financier and guarantor of home mortgages, also agreed to make changes in its corporate culture and accounting procedures and ways of managing risk. [13]
In June 2008 The Wall Street Journal reported that Franklin Raines was one of several public officials who received below market rates loans at Countrywide Financial because the corporation considered the officeholders “FOA’s”–”Friends of Angelo” (Countrywide Chief Executive Angelo Mozilo). He received loans for over $3 million while CEO of Fannie Mae. [14]

Again, where is the outrage?

Better yet, where is the money?

Sweet_Thang on March 26, 2009 at 3:45 PM

Where is the money? He invested it with Made-off.

percysunshine on March 26, 2009 at 3:49 PM

When will Rahm Emanuel give back the money?

Uh try like NEVER!

jbh45 on March 26, 2009 at 4:35 PM

The so-called conservative republicans implicated in the Mae/Mac corporate socialism fiasco are a laundry list of my least favorite republicans (each had ties to Kemp, Dole, Gingrich, and McCain). This is the rat pack that now controls the RNC with their puppet Michael (Remington) Steele. And you wonder why the party is dying?

In 1997, the New York Times’ Richard W. Stevenson pinpointed Fannie Mae’s strength when he wrote of the firm’s “influential network that extends from the highest reaches of the Clinton Administration to the ranks of conservative Republicans on Capitol Hill.”
The bipartisan network provided the essential cover Fannie Mae needed to run its scam, which the news pages of the Washington Post ably described this week as:
[T]he nearest thing to a license to print money. The companies borrowed money at below-market interest rates based on the perception that the government guaranteed repayment, and then they used the money to buy mortgages that paid market interest rates.
The key to Fannie Mae’s survival was the patronage operation it ran. As Wall Street Journalreporter James R. Hagerty wrote two summers ago, “For years, high-level jobs at Fannie Mae were lucrative prizes for lawyers, bankers and political operatives waiting for their next U.S. government post.”

http://www.slate.com/id/2200160/

Angry Dumbo on March 26, 2009 at 4:39 PM

The network’s Mae/Mac scam looked good in 2004, in 2008, not so much. : (

A smart man is never greedy and a greedy man is never smart.

Angry Dumbo on March 26, 2009 at 4:47 PM

Why not go after some of the people really responsible for the collapse

Why indeed. But don’t let that discourage you Ed. Keep up the pressure. You have a national and world audience that needs to hear this story. You are not just preaching to the choir here. Every time you post stuff like this, I pass it along to my friend who needs to read this.

Mr_Magoo on March 26, 2009 at 5:17 PM

Outrage is reserved only for Republicans.

GarandFan on March 26, 2009 at 5:18 PM

RAHM go ahead stab the table cuss a little and give it up

wade underhile on March 26, 2009 at 6:09 PM

You wanna stop Rahm and those like him? You’re going to have to kill them. That’s not a threat. It’s a reality.

mr1216 on March 26, 2009 at 8:26 PM

That’s the real hypocrisy. It would be funny to see Emmanuel hoisted by the petard of misdirected outrage, but the real issue is not bonuses, it is the uneconomic hamstringing by congress, and the political appointees of Fran and Fred who deserve the ire.

Vashta.Nerada on March 26, 2009 at 1:47 PM

Vashta Nerada: It would be funnier is Emanual were hoisted by his leotard for his outrageous misuse/abuse of power.

This thread deserve much more traffic. The blatancy of the past thuggery by this administration’s power brokers and by too many of the Dem lawmakers is beyond conscionable.

onlineanalyst on March 26, 2009 at 10:34 PM

And here is a pip from “The Corner” at NRO:

Re: Rahm and Freddie [Stephen Spruiell]

That Tribune story didn’t contain a great deal of new information for those who have been paying attention, but I did find this bit interesting:

The Obama administration rejected a Tribune request under the Freedom of Information Act to review Freddie Mac board minutes and correspondence during Emanuel’s time as a director. The documents, obtained by Falcon for his investigation, were “commercial information” exempt from disclosure, according to a lawyer for the Federal Housing Finance Agency.

onlineanalyst on March 26, 2009 at 10:39 PM