Wasting Time With Alex

You don’t say so!

Hah. It should come as no surprise that another democrat, in this case Rham Emanuel, made a ton of money doing nothing of value as he took advantage of the democrat’s scam related to mortgage lending and their securities. I wonder if he paid hsi taxes on that. After all, taxes are for the little people, not the elite. Check this out:

Before its portfolio of bad loans helped trigger the current housing crisis, mortgage giant Freddie Mac was the focus of a major accounting scandal that led to a management shake-up, huge fines and scalding condemnation of passive directors by a top federal regulator. One of those allegedly asleep-at-the-switch board members was Chicago’s Rahm Emanuel—now chief of staff to President Barack Obama—who made at least $320,000 for a 14-month stint at Freddie Mac that required little effort.

As gatekeeper to Obama, Emanuel now plays a critical role in addressing the nation’s mortgage woes and fulfilling the administration’s pledge to impose responsibility on the financial world. Emanuel’s Freddie Mac involvement has been a prominent point on his political résumé, and his healthy payday from the firm has been no secret either. What is less known, however, is how little he apparently did for his money and how he benefited from the kind of cozy ties between Washington and Wall Street that have fueled the nation’s current economic mess.

Well blow me down. We put another one of the people responsible for the mess we are in, and another one that profited quite well, in charge of cleaning up the mess. Call me stupid for thinking only a lunatic would put the fox that was raiding his hen house in charge of fixing the panic and damage that caused.