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| | '''Rahm Emanuel''' (born 1959) is a [[United States]] [[far-left]] politician from [[Illinois]] belonging to the [[Democratic Party]] who is currently the [[mayor]] of [[Chicago, Illinois]]. He was previously Chief of Staff to President [[Barack Obama]]. Prior to that, he represented [[Illinois]]' 5th Congressional District in the [[U.S. House of Representatives]] during 2003-2008. As chairman of the Democratic Congressional Campaign Committee, he took credit gaining a majority for the first time since 1994. He became a top leader as Chairman of the Democratic Caucus in the House. | | '''Rahm Emanuel''' (born 1959) is a [[United States]] [[far-left]] politician from [[Illinois]] belonging to the [[Democratic Party]] who is currently the [[mayor]] of [[Chicago, Illinois]]. He was previously Chief of Staff to President [[Barack Obama]]. Prior to that, he represented [[Illinois]]' 5th Congressional District in the [[U.S. House of Representatives]] during 2003-2008. As chairman of the Democratic Congressional Campaign Committee, he took credit gaining a majority for the first time since 1994. He became a top leader as Chairman of the Democratic Caucus in the House. |
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| − | Emanual was appointed to the Board of Directors of [[Freddie Mac]] by [[President William Jefferson Clinton]], shepherding the [[subprime lending]] abuses under the [[Community Reinvestment Act]]. [[Barack Obama]] appointed Emanuel as his first Chief of Staff. Emanuel resigned amidst charges of his involvement in Operation [[Fast and Furious]] and the [[Jobsgate]] scandal<ref>http://www.denverpost.com/ci_15213784</ref><ref>http://voices.washingtonpost.com/thefix/white-house/how-the-sestak-job-offer-becam.html</ref> reportedly to run for Mayor of Chicago and take control of the Chicago Democratic party machine.<ref>http://biggovernment.com/tfitton/2010/10/14/is-scandal-ridden-rahmbo-chicagos-next-mayor/</ref>
| + | Emanuel was appointed to the Board of Directors of [[Freddie Mac]] by [[President William Jefferson Clinton]], shepherding the [[subprime lending]] abuses under the [[Community Reinvestment Act]]. [[Barack Obama]] appointed Emanuel as his first Chief of Staff. Emanuel resigned amidst charges of his involvement in Operation [[Fast and Furious]] and the [[Jobsgate]] scandal<ref>http://www.denverpost.com/ci_15213784</ref><ref>http://voices.washingtonpost.com/thefix/white-house/how-the-sestak-job-offer-becam.html</ref> reportedly to run for Mayor of Chicago and take control of the Chicago Democratic party machine.<ref>http://biggovernment.com/tfitton/2010/10/14/is-scandal-ridden-rahmbo-chicagos-next-mayor/</ref> |
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| | Illustrating Emanuel's penchant for exploiting crises for political gain, he remarked, "A crisis is a terrible thing to waste."<ref>[https://www.youtube.com/watch?v=1yeA_kHHLow Rahm Emanuel] YouTube- you never want a serious crisis video</ref><ref>[http://online.wsj.com/article/SB122721278056345271.html?mod=googlenews_wsj]</ref> | | Illustrating Emanuel's penchant for exploiting crises for political gain, he remarked, "A crisis is a terrible thing to waste."<ref>[https://www.youtube.com/watch?v=1yeA_kHHLow Rahm Emanuel] YouTube- you never want a serious crisis video</ref><ref>[http://online.wsj.com/article/SB122721278056345271.html?mod=googlenews_wsj]</ref> |
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| | ==Background== | | ==Background== |
| − | Emanuel is the son of a prominent physician, Dr. Benjamin M. Emanuel; the father was born in Jerusalem. Emanuel has a bachelor's degree from [[Sarah Lawrence College]] (1981), and a master's degree in speech and communication from [[Northwestern University]] (1985). Emanuel and his wife Ann have three children. | + | Emanuel is the son of a prominent physician, Dr. Benjamin M. Emanuel; the father was born in Jerusalem. Emanuel has a bachelor's degree from Sarah Lawrence College (1981), and a master's degree in speech and communication from [[Northwestern University]] (1985). Emanuel and his wife Ann have three children. |
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| | ==Clinton White House== | | ==Clinton White House== |
| | He worked in the [[Bill Clinton]] White House from 1993-1998, first serving as Assistant to the President for Political Affairs, and then Senior Adviser to the President for Policy and Strategy. He was demoted at the behest of [[Hillary Clinton]] after complaints from other staffers. Ironically, as Obama Chief of Staff, Emanuel was now in a position to overrule Hillary Clinton when she attempted to hire another former Clinton White House staffer, [[Sidney Blumenthal]]. | | He worked in the [[Bill Clinton]] White House from 1993-1998, first serving as Assistant to the President for Political Affairs, and then Senior Adviser to the President for Policy and Strategy. He was demoted at the behest of [[Hillary Clinton]] after complaints from other staffers. Ironically, as Obama Chief of Staff, Emanuel was now in a position to overrule Hillary Clinton when she attempted to hire another former Clinton White House staffer, [[Sidney Blumenthal]]. |
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| − | Leaving the White House staff, he became wealthy as an "investment banker" on the Board of the [[government sponsored entity]] Freddie Mac, 1999-2002. Emanuel had no previous banking experience. | + | Leaving the White House staff, he became wealthy as an "investment banker" on the Board of the government sponsored entity Freddie Mac, 1999-2002. Emanuel had no previous banking experience. |
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| | ==Emanuel's role in Freddie Mac and the subprime lending crisis== | | ==Emanuel's role in Freddie Mac and the subprime lending crisis== |