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Emanuel - How much corruption can Obama bring to the government?

RAHM'S 'RENT' IS JUST THE TIP OF ETHICS ICEBERG

By DICK MORRIS & EILEEN MCGANN

Published in the New York Post on February 17, 2009
News broke last week that Rahm Emanuel, now White House chief of staff, lived rent- free for years in the home of Rep. Rosa De Lauro (D-Conn.) - and failed to disclose the gift, as congressional ethics rules mandate. But this is only the tip of Emanuel's previously undisclosed ethics problems.

One issue is the work Emanuel tossed the way of De Lauro's husband. But the bigger one goes back to Emanuel's days on the board of now-bankrupt mortgage giant Freddie Mac.

Emanuel is a multimillionaire, but lived for the last five years for free in the tony Capitol Hill townhouse owned by De Lauro and her husband, Democratic pollster Stan Greenberg.

(Continued)

 
Anonymous

Asked by Anonymous at 9:36 AM on Feb. 18, 2009 in Politics & Current Events

This question is closed.
Answers (42)
  • The list just gets bigger and bigger on the kind of characters that our president, Obama, chooses to have in his life and by his side. No one should be surprised at his lack of judgement in this particular area as his associations with various people did come to light during the campaign and it was all excused. The Obama voters did this and now must accept the flaws he has. That does not mean the ones who had their eyes and ears open should be constantly bashed for the way they feel. Our country is in a drastic and dire mess. We are suppose to be able to look to our leaders for guidance. That is not happening. President Obama now owns a debt that will never get paid off and is already talking about another stimulus package. The cast of characters is just another one of those bumps in the road. Guess maybe some are having second thoughts now.
    foreverb3

    Answer by foreverb3 at 11:28 AM on Feb. 18, 2009

  • (Continued) During that time, he also served as chairman of the Democratic Congressional Campaign Committee - which gave Greenberg huge polling contracts. It paid Greenberg's firm $239,996 in 2006 and $317,775 in 2008. (Emanuel's own campaign committee has also paid Greenberg more than $50,000 since 2004.)

    To be fair, Greenberg had polling contracts with the DCCC before - but each new election cycle brings its own set of consultants. And Emanuel was certainly generous with his roommate.

    Emanuel never declared the substantial gift of free rent on any of his financial-disclosure forms. He and De Lauro claim that it was just allowable "hospitality" between colleagues. Hospitality - for five years?

    Some experts suggest that it was also taxable income: Over five years, the free rent could easily add up to more than $100,000.

    (Continued)
    Anonymous

    Answer by Anonymous at 9:37 AM on Feb. 18, 2009

  • (Continued) Nor is this all that seems to have been missed in the Obama team's vetting process. Consider: Emanuel served on the Freddie Mac board of directors during the time that the government-backed lender lied about its earnings, a leading contributor to the current economic meltdown.

    The Federal Housing Enterprise Oversight Agency later singled out the Freddie Mac board as contributing to the fraud in 2000 and 2001 for "failing in its duty to follow up on matters brought to its attention." In other words, board members ignored the red flags waving in their faces.

    The SEC later fined Freddie $50 million for its deliberate fraud in 2000, 2001 and 2002.

    Meanwhile, Emanuel was paid more than $260,000 for his Freddie "service." Plus, after he resigned from the board to run for Congress in 2002, the troubled agency's PAC gave his campaign $25,000 - its largest single gift to a House candidate.

    (Continued)
    Anonymous

    Answer by Anonymous at 9:38 AM on Feb. 18, 2009

  • (Continued) That's what friends are for, isn't it?

    Now Rahm Emanuel is in the White House helping President Obama dig out of the mess that Freddie Mac helped start.

    The president's chief of staff isn't subject to Senate confirmation, but his ethics still matter. Is this the change that we can depend on?
    Anonymous

    Answer by Anonymous at 9:39 AM on Feb. 18, 2009

  • another Obama hater...
    MythicMMM

    Answer by MythicMMM at 9:39 AM on Feb. 18, 2009

  • Chicago politics is all it is. As for Obama haters, thank GOD its still the United States because were allowed to question out government. I saw nothing but hate for Bush and I will say again youre president will get the same respect you gave mine, maybe less.
    Anonymous

    Answer by Anonymous at 9:41 AM on Feb. 18, 2009

  • Why don't you make a journal. There are many republican who did similar things. But you only will post about democrats.
    Anonymous

    Answer by Anonymous at 9:44 AM on Feb. 18, 2009

  • What are you saying mine and your president??????????????????????? You are here just to make up drama.
    Don't we all live in USA?????????????????????????
    Anonymous

    Answer by Anonymous at 9:46 AM on Feb. 18, 2009

  • Well imagine that ...gee im so shocked and surprised.
    tnmomofive

    Answer by tnmomofive at 9:46 AM on Feb. 18, 2009

  • Im not shocked or surprised. In fact its taking alot more everyday to shock me.
    gemgem

    Answer by gemgem at 9:53 AM on Feb. 18, 2009