NOBAMA IN 2008: Obama’s White House Chief of Staff was a Freddie Mac Board Member!!!

Thursday, November 6, 2008

Obama’s White House Chief of Staff was a Freddie Mac Board Member!!!

Rahm Emanuel: Freddie Mac to pay $50M to settle SEC fraud charges
Washington Business Journal ^ | Thursday, September 27, 2007 | Neil Adler

Posted on Wednesday, November 05, 2008 6:44:12 PM by joinedafterattack

Rahm Emanuel - Freddie Mac Board Member 2000 to 2002.

"Freddie Mac agreed to the settlement without admitting or denying the allegations.

The SEC alleged that Freddie Mac engaged in a fraudulent scheme that deceived investors about its true performance, profitability and growth trends.

Freddie Mac misreported its net income in 2000 by 30.5 percent, in 2001 by 23.9 percent and 2002 by 42.9 percent, according to the SEC.

To: joinedafterattack

Let’s see. Rahm Emmanuel is on the board of Freddie Mac 2000 - 2002. Freddie Mac has a meltdown 7 weeks before the election. Rahm Emmanuel is to be Obama’s White House Chief of Staff. Humm...

11 posted on Wednesday, November 05, 2008 7:04:34 PM by virgil

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The SEC said that "Freddie Mac's senior management exerted consistent pressure to have the company report smooth and dependable earnings growth."

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