Quoting writerspleasure,
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.
(In case you missed it, Obama’s pick for deputy EPA administrator stepped down the other day, after learning that a nonprofit he served on was “under scrutiny” for some kind of financial shenanigans.)
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Seriously, I hold that right up with the I'm-so-mad-Bush-was-elected-I-could-just-move-to-Canada crowd claiming that Bush was showing signs of pre-senile dementia. They're equally absurd.
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I'd be more disappointed, if I couldn't remember our last Democratic President