Obama's First Pick for Cabinet was a Fannie Mae CEO

@ParaTed2k (22977)
Sheboygan, Wisconsin
November 7, 2008 12:31pm CST
Rahm Emanuel has been tapped by Prs. Elect Obama for his Chief of Staff. Now, as far as qualifications, there's nothing wrong with the appointment. His experience is well beyond what would be required for the job. However, for his entire campaign, Obama has been calling for change. We have been living through a lot of economic problems, much of which have been blamed on the unethical practices of the boards of directors of major corporations... one of which is a company whose boards of directors have taken the money and ran, leaving us taxpayers to pick up the pieces. Rahm Emanuel was one of those board members. As a member of congress he violated the law by not disclosing the fact that he was an officer of a charitable organization. It seems to me that he should be being questioned by the Senate for his role in the crimes of Fannie Mae, not for comfirmation as Chief of Staff. A Freddie Mac director? A Clinton administration insider? Not a good first move for a guy who is supposed to be all about "Change".
2 people like this
4 responses
• United States
7 Nov 08
Isn't Fannie Mae under investigation for cooking their books and fraud? Plus Rahm was in the Clinton administration. How is that change? That would mean the same old people in cabinet positions and same old BS going on.
1 person likes this
@ParaTed2k (22977)
• Sheboygan, Wisconsin
7 Nov 08
Exactly, and he was on the board during a lot of the scandals. ~~~~~ This has nothing to do with your response, but I want to make a couple of corrections to the OP title. He wasn't CEO, he was on the board of directors, and yes, I know it isn't Freddie Mae. ;~D Just wanted to get that out before others started correcting me ;~D
1 person likes this
• United States
7 Nov 08
So he was on the board of a company that cooked it books and committed fraud. Caused alot of the mess we are in right now? And Obama is making him Chief of staff?
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@ParaTed2k (22977)
• Sheboygan, Wisconsin
7 Nov 08
Yup, great first decision, huh?
1 person likes this
@anniepa (27279)
• United States
7 Nov 08
I think you're right, Emanuel should be questioned about his past activities and associations but I think he's a good choice for what a Chief of Staff is meant to do. He's known as someone who "gets things done" plus the fact that he and Obama are good friends isn't a small factor, in my opinion, because that should mean they'll be able to be honest with each other even if they disagree on some matters. I know there has been some mention of the fact President Elect Obama may be turning to some former Clinton "people" but, as someone else pointed out, if he wants people who are experienced and knowledgeable it will be hard to put together an entire team without having some members with associations with past Administrations. I really hope Obama does reach out to some Republicans and that they reach back. I heard where Vice President Elect Biden said he'd be calling on Senator McCain for help and he reiterated his high regard for his longtime friend and colleague (I'm paraphrasing), and I hope that happens, I really mean that. Annie
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@ParaTed2k (22977)
• Sheboygan, Wisconsin
8 Nov 08
Then never, ever say that the members of the boards of directors of corporations that get bailed out should be made to pay anything. Emanuel is part of the problem, yet instead of having his personal assets seized to help pay the debt, he is being rewarded with a top cabinet position. If this isn't a sign of corruption, what is?
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@Taskr36 (13923)
• United States
8 Nov 08
Funny Annie, but I can't seem to remember you being this open about the issue when there were former lobbyists working on McCain's campaign. Suddenly we have a cut n run guy from Fannie Mae being appointed to a powerful position by Obama and you're happy to accept it.
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@ParaTed2k (22977)
• Sheboygan, Wisconsin
9 Nov 08
It is an interesting point.
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@suspenseful (40312)
• Canada
7 Nov 08
Shows us how much for change Obama wants. Part of the reason America got in this mess was that the Democrats were pressuring the mortgage companies to lend to people who would not be able to pay unless they got sub-prime loans that they would default on when the loans turned regular and that was done because they wanted lower class people mostly African=Americans to own houses. It was the same with the Affirmative Action where blacks who wanted to go to college and get jobs could get in at a lower rate than white people. I do not know what Obama's intent, whether he plans to bankrupt all the non black people by making them pay for the loans that the Fannie Mae gave up and excepting the black people, but I suspect it looks that way. He should have appointed that man as Chief of Staff.
1 person likes this
@ParaTed2k (22977)
• Sheboygan, Wisconsin
7 Nov 08
What do you bet that the incompetent press never challenges him on this?
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@marie2052 (3691)
• United States
10 Jan 12
Sorry Ted I was not here 3 years ago. But look how things have changed in 3 short years and what we are coming up with for the election. Kind of helps to reread things from 4 years ago. Crazy how history keeps repeating itself.