Yes it does. He's a got a reputation as a guy who gets things done and doesn't suffer fools. Obama wants to be the good cop because he is very good at that and Rahmbo is a perfect bad cop. Isn't it obvious?
Emanuel Was Director Of Freddie Mac During Scandal New Obama Chief of Staff, Others on Board, Missed "Red Flags" of Alleged Fraud Scheme By BRIAN ROSS and RHONDA SCHWARTZ November 7, 2008— 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. Emanuel was not named in the SEC complaint (click here to read) but the entire board was later accused by the Office of Federal Housing Enterprise Oversight (OFHEO) (click here to read) of having "failed in its duty to follow up on matters brought to its attention." In a statement to ABCNews.com, a spokesperson said Emanuel served on the board for "13 months-a relatively short period of time." The spokesperson said that while on the board, Emanuel "believed that Freddie Mac needed to address concerns raised by Congressional critics." Freddie Mac agreed to pay a $50 million penalty in 2007 to settle the SEC complaint and four top executives of the Federal Home Loan Mortgage Corporation were charged with negligent conduct and, like the company, agreed to settle the case without admitting or denying the allegations. The actions by Freddie Mac are cited by some economists as the beginning of the country's economic meltdown. http://www.abcnews.go.com/Blotter/st...6201900&page=1
held the spot in the clinton admin, so im sure most here dont want him. but the economy did well under him, and the economist (my source for most of my little knowledge of economics) thinks he's the best thing since sliced bread. he's also known for being prez on harvard and was railed on while there because of explaining disparity among science faculty because of innate superiority of males.
