Saturday, November 08, 2008

Hope For Some Change Left In Your Pockets

clipped from mypetjawa.mu.nu

President-elect Barack Obama's newly appointed chief of staff, Rahm
Emanuel, served on the board of directors of the federal mortgage firm Freddie
Mac at a time when scandal was brewing at the troubled agency and the board
failed to spot "red flags," according to government reports reviewed by
ABCNews.com.

According to a complaint later filed by the Securities and Exchange
Commission, Freddie Mac, known formally as the Federal Home Loan Mortgage
Corporation, misreported profits by billions of dollars in order to deceive
investors between the years 2000 and 2002.

Really? Well, where
is the CNN/ABC/CBS/NBC/MSNBC prime-time, multi-day expose of this blatant
corruption that was apparently just installed in a position of power in the
incoming Hope-n-Change Administration?

Look no further than members of the only party in power in Washington, and the Chief of Staff for Barack Obama (who took more campaign slush fund money from Fannie-Freddie than any Congressperson save Chris Dodd (D).

Because it isn't likely is it?