Rahm Emanuel Was Director Of Freddie Mac During Scandal


From APFN daily update


Conned Again


Hail to the Chief of Staff

by Alexander Cockburn


The first trumpet blast of change ushers in Rahm Emanuel as Obama’s chief of staff and gate keeper. This is the man who arranges his schedule, staffs out the agenda, includes, excludes. It’s certainly as sinister an appointment as, say, Carter’s installation of arch cold-warrior Zbigniev Brzezinski as his National Security Advisor at the dawn of his ‘change is here’ administration in 1977...


Freddie Mac loses $25B, asks Treasury Department for $13B

Triangle Business Journal

Government-controlled mortgage lender Freddie Mac lost more than $25 billion in the third quarter and has asked the Treasury Department for almost $14 billion in equity. McLean, Va.-based Freddie Mac (NYSE: FRE) reported a net loss of $25.3 billion, or $19.44 per diluted share, for the quarter ended September 30, 2008, compared to a net loss of $1.2 billion, or $2.07 per diluted common share, for the year ago quarter. … Freddie Mac stated that as a result of the net loss, the company’s net worth, also known as stockholders’ equity, was a negative $13.8 billion. To cover the deficit in shareholder equity, Freddie Mac’s conservator, the Federal Housing Finance Agency, has submitted a request to the Treasury to buy $13.8 billion in preferred stock to restore the company’s balance sheet. It expects to receive the funds by November 29, 2008...


Obama the war hawk
Ayn R. Key


In the primaries, when campaigning against Hillary Clinton, she ran as a staunch hawk on foreign policy issues. Obama ran a campaign opposing both Clinton and Bush by running as a peace candidate …. Then, in the general election, his anti-war rhetoric was dramatically softened. … After having won the general election, Obama’s first major cabinet appointment was pro-war Rahm Emanual for Chief of Staff. Now it appears he is planning to offer the major diplomatic spot, the Secretary of State, to Hillary Clinton...


Informant: Thomas L. Knapp


Political Roast : Obama Emauel 2005


From APFN daily update


Sooner Than We Thought


Rahm Emanuel's Political Pirouettes



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