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Newt Gingrich is splashed all the front pages with the revelation that his consulting firm was paid about $1.6 million by Freddie Mac. I don't defend Newt, but where were the similar stories about Rahm Emanuel when he became Pres. Obama's Chief of Staff, one of the most powerful positions in all of DC?
Rahm Emanuel was on the board of directors of Freddie Mac in between serving in the Clinton admin and running for the US house in 2001. When he was named Chief of Staff for Obama in 2008, I don't recall any mention of his connection to Freddie. There were quite a few stories on the dead fish, etc, but little on Freddie. Google yields one story about it from ABC News. During that 2.5 year period out of government, Emanuel made $18.5 million working as an investment banker. He had no prior banking experience. His BA from Sarah Lawrence College is in Liberal Arts, and he has an MA from Northwestern in Speech and Communication, according to Wikipedia. Rahm-Emanuel
Moreover, now Rahm is caught up in the insider-trading controversy because he sold $250,000 worth of Freddie stock just before it tanked, when he was in Congress in 2003. He was on the Congressional committee charged with regulating the GSE's. Book: Rahm Emanuel Dumped Tons Of Freddie Mac Stock Days Before It Collapsed - Business Insider
I'll be interested to see if that one makes the papers. I won't be holding my breath.
It's not the first time I've wondered 'where are the front page stories' in connection with Rahm Emanuel. Remember when the big oil leak by BP was happening in the Gulf of Mexico? I read in an obscure libertarian magazine called Liberty (now defunct) that Emanuel had lived for 5 years in DC, rent-free, in a luxury condo owned by a major consultant to BP. The ties that bind. Remember Rahm Emanuel's rent-free D.C. apartment? The owner: A BP adviser - latimes.com
That story too was scarcely mentioned in the MSM. Where are the front page stories? I guess some Freddie connections are more equal than others...
I'm all for equal opportunity finger-pointing at politicians who get their hands caught in the cookie jar. The problem is that it probably covers the majority of them on both sides.
Moreover, now Rahm is caught up in the insider-trading controversy because he sold $250,000 worth of Freddie stock just before it tanked, when he was in Congress in 2003. He was on the Congressional committee charged with regulating the GSE's.
Don't you know that when in Congress insider trading is legal???
Newt Gingrich is splashed all the front pages with the revelation that his consulting firm was paid about $1.6 million by Freddie Mac. I don't defend Newt, but where were the similar stories about Rahm Emanuel when he became Pres. Obama's Chief of Staff, one of the most powerful positions in all of DC?.
Do you really expect a mayor to get as much media coverage as a presidential candidate? Since you asked,
Mayor, perhaps no. WH Chief of staff, yes. Especially an active and agressive one, which Emanuel was. Chief of staff is one of the most powerful positions in DC. Here is an article relating how Rahm overruled Hillary on a personnel move and made it stick, even though Hillary as SOS is 4th in the line of succession. Rahm Emanuel, Obama
Quote:
Originally Posted by NY Times
Mr. Emanuel is clearly more chief than staff. While some predecessors husbanded their authority, lest it be diluted, friends said he believed the more someone used power, the more power that person had.
He knows how to pull all the levers of influence in Washington...At times, it seems as if Mr. Emanuel is White House chief of staff, political director, legislative director and communications director all rolled into one. He has fingers in almost every decision....
Remember, the Freddie ties were already a fact when he was appointed COS in 2008 by Obama. As I said earlier, ABC ran a story in 2008, but the only other references I can find are from right wing blogs and little-read conservative outlets such as WND.
A few days later, I think it's fair to say the verdict is in. Virtually NO stories about Rahmbo cleaning up on his Freddie stock while serving on the Congressional committee that regulated Freddie. In contrast to the many major stories about Newt. Again, I do not defend Newt here, but it does seem that some Freddie connections are indeed more equal than others.
Media bias? Nah, can't be. The media is objective, fair, and truthful. /sarcasm
A few days later, I think it's fair to say the verdict is in. Virtually NO stories about Rahmbo cleaning up on his Freddie stock while serving on the Congressional committee that regulated Freddie. In contrast to the many major stories about Newt. Again, I do not defend Newt here, but it does seem that some Freddie connections are indeed more equal than others.
Media bias? Nah, can't be. The media is objective, fair, and truthful. /sarcasm
Aside from NY times, WSJ, ABC, Reuters, and Huffington post, not one story about Rahm
legal, yes, ethical, it doesn't take a team of people in white coats, all wearing glasses, to answer: "no."
unfortunately, the ethics won't change any behaviors. The only ones that can change the laws are the Congress which would cost them millions... so don't hold your breath.
Newt Gingrich is splashed all the front pages with the revelation that his consulting firm was paid about $1.6 million by Freddie Mac. I don't defend Newt, but where were the similar stories about Rahm Emanuel when he became Pres. Obama's Chief of Staff, one of the most powerful positions in all of DC?
probably further back in the newspaper, since he isn't campaigning for president.
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