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Friday, November 07, 2008

Obama's Chief of Staff Helped Cause Financial Crisis

By now, everyone understands that Fannie Mae and Freddie Mac were at the eye of the financial crisis for fraudulent accounting and lapses in judgment for guaranteeing loans that would never be repaid.

Rahm Emanuel, Obama's new Chief of Staff, was a director at Freddie Mac and helped (fail to) oversee the fraud. If Emanuel were a Republican, he would already be forced to resign. If Freddie Mac were just a regular company, he might actually face jail time.

Change? I don't think so...