Thursday, March 26, 2009

Rahm profits from failed Freddie Mac


It appears that persecution of failed executives is extended to those only in the private sector such as the "wickedly evil" A.I.G. It's now being reported that Mr. Rahm Emanuel profited off of the failed Freddie Mac. If you'll recall, Freddie Mac is a pseudo government controlled privately owned companies that failed due to the feds mandating loans to consumers that they knew couldn't pay them back. Yes, Rahm profited to the tune of $400,000.

Now tell me if I'm missing something here, but if the A.I.G. executives are made to pay back their supposedly undeserved bonuses, doesn't it only make sense that Emanuel repay the money he received from the failed institution to which he was associated? I mean, taxpayer money was squandered while under federal scrutiny. It seems only fair that the taxpayer should recoup the money for which he did not deserve.

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