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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==
Emanuel was appointed to the board of scandal-plagued quasi-governmental mortgage giant Freddie Mac by [[President Clinton]].<ref>http://online.wsj.com/article/SB122610420534009957.html</ref><ref>[http://abcnews.go.com/Blotter/story?id=6201900&page=1 Emanuel Was Director Of Freddie Mac During Scandal], ABC News,
Emanuel was appointed to the board of scandal-plagued quasi-governmental mortgage giant Freddie Mac by [[President Clinton]].<ref>http://online.wsj.com/article/SB122610420534009957.html</ref><ref>[https://abcnews.go.com/Blotter/story?id=6201900&page=1 Emanuel Was Director Of Freddie Mac During Scandal], ABC News,
November 7, 2008.</ref> While Emanuel was on the board, Freddie Mac misreported its net income in 2000 by 30.5 percent, in 2001 by 23.9 percent and 2002 by 42.9 percent, defrauding investors according to the SEC. Freddie Mac's failure is regarded as one of the precipitating events of the [[Financial Crisis of 2008#2008 crises|Financial Crisis of 2008]].
November 7, 2008.</ref> While Emanuel was on the board, Freddie Mac misreported its net income in 2000 by 30.5 percent, in 2001 by 23.9 percent and 2002 by 42.9 percent, defrauding investors according to the SEC. Freddie Mac's failure is regarded as one of the precipitating events of the [[Financial Crisis of 2008#2008 crises|Financial Crisis of 2008]].
On February 21, 2003, Emanuel was then serving Congress and reportedly sold up to $250,000 in Freddie Mac stock in an insider trading deal only days before the stock dropped by 10 percent — and weeks before it was publicly revealed that the entity was under criminal investigation for inflating earnings.<ref>http://www.businessinsider.com/book-rahm-emanuel-dumped-tons-of-freddie-mac-stock-days-before-it-collapsed-2011-11#ixzz2MnesKpxI</ref>
On February 21, 2003, Emanuel was then serving Congress and reportedly sold up to $250,000 in Freddie Mac stock in an insider trading deal only days before the stock dropped by 10 percent — and weeks before it was publicly revealed that the entity was under criminal investigation for inflating earnings.<ref>https://www.businessinsider.com/book-rahm-emanuel-dumped-tons-of-freddie-mac-stock-days-before-it-collapsed-2011-11#ixzz2MnesKpxI</ref>
==Congressional leadership position==
==Congressional leadership position==
He was re-elected mayor on April 7, 2015.
He was re-elected mayor on April 7, 2015.
Emanuel's tenure in office was marked by a surge in crime levels.<ref>Chakraborty, Barnini (September 6, 2018). [http://www.foxnews.com/us/2018/09/06/rahm-emanuel-leaves-behind-tainted-legacy-as-chicago-murder-rate-crime-and-corruption-surge-on-his-watch.html Rahm Emanuel leaves behind tainted legacy as Chicago murder rate, crime and corruption surge on his watch]. ''Fox News''. Retrieved September 6, 2018.</ref>
Emanuel's tenure in office was marked by a surge in crime levels.<ref>Chakraborty, Barnini (September 6, 2018). [https://www.foxnews.com/us/2018/09/06/rahm-emanuel-leaves-behind-tainted-legacy-as-chicago-murder-rate-crime-and-corruption-surge-on-his-watch.html Rahm Emanuel leaves behind tainted legacy as Chicago murder rate, crime and corruption surge on his watch]. ''Fox News''. Retrieved September 6, 2018.</ref>
==See also==
==See also==