Rahm and Freddie Mac

Here is how Rahm Emanuel has benefited financially from Freddie Mac.  

Rahm Emanuel was paid $31,060 in director's fees in 2000 and $231,655 in 2001.  In addition, he received options for shares in Freddie Mac.  At the time he has appointed to the House subcommittee that had oversight of Freddie Mac he had outstanding options for 2,500 shares.   

In a column published August 14, 2003, Chicago Sun Time's veteran political reporter Lynn Sweet wrote about those options and reported that Emanuel's position was that there was no conflict of interest because his financial stake was in a blind trust. He also promised to recuse himself from all votes relating to Freddie Mac. In that column Sweet opined that "Emanuel's trust is supposed to be blind, not stupid."   In addition, since first running for Congress in 2002 Emanuel has received
$51,750 in Fannie Mae contibutions,  according to the Center for Responsive Politics Web site OpenSecrets.org.

If you experience technical problems, please write to helpdesk@americanthinker.com

Most Read


Last 24 Hours

Carney’s Snap Election -- And Trump Saw It Coming
Hegseth boards plane flanked by two ‘bada**’ women, and the politically correct capitulation tour continues
Face the Nonsense, Again: Margaret Brennan’s ‘You Should Watch the News’ Moment
Payback: J.D. Vance calmly gives Denmark a real reason to be paranoid since they're asking for it
George Clooney: Master of Cringe

Last 7 Days

Righteous Attacks Bringing the Left to Heel
Is Dem Defector Lindy Li A Deep State Double Agent?
Public School Teachers: The Stupidest Creatures on the Planet
Think USAID was bad? You ain't seen nothin' yet.
Reza Pahlavi at CPAC? Big mistake