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Jane Hamsher, Grover Norquist Call for Rahm Emanuel's Resignation

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Headlined to H2 12/24/09

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Today, Grover Norquist and I are calling for an investigation into Rahm Emanuel's activities at Freddie Mac, and the White House's blocking of an Inspector General who would look into it. The letter follows:


December 23, 2009

Attorney General of the United States of America
U.S. Department of Justice
950 Pennsylvania Avenue, NW
Washington, DC 20530-0001

Dear Attorney General Holder:

We write to demand an immediate investigation into the activities of White House Chief of Staff Rahm Emanuel. We believe there is an abundant public record which establishes that the actions of the White House have blocked any investigation into his activities while on the board of Freddie Mac from 2000-2001, and facilitated the cover up of potential malfeasance until the 10-year statute of limitations has run out.

The purpose of this letter is to connect the dots to establish both the conduct of Mr. Emanuel and those working with him to thwart inquiry, and to support your acting speedily so that the statute of limitations does not run out before the Justice Department is able to empanel a grand jury.

The New York Times reports that the administration is negotiating to double the commitments to Fannie and Freddie for a total of $800 billion by December 31, in order to avoid the congressional approval that would be needed after that date. But there currently is no Inspector General exercising independent oversight of these entities. Acting Inspector General Ed Kelly was stripped of his authority earlier this year by the Justice Department, relying on a loophole in a bill Mr. Emanuel cosponsored and pushed through Congress shortly before he left for the White House. This effectively ended Mr. Kelly's investigation into what happened at Fannie and Freddie.

Since that time, despite multiple warnings by Congress that having no independent Inspector General for a federal agency that oversees $6 trillion in mortgages is a serious oversight, the White House has not appointed one.

We recognize that these are extremely serious accusations, but the stonewalling by Mr. Emanuel and the White House has left us with no other redress. A 2003 report by Freddie Mac's regulator indicated that Freddie Mac executives had informed the board of their intention to misstate the earnings to insure their own bonuses during the time Mr. Emanuel was a director. But the White House refused to comply with a Freedom of Information Act request from the Chicago Tribune for those board minutes on the grounds that Freddie Mac was a "commercial" entity, even though it was wholly owned by the government at the time the request was made.

If the Treasury approves the $800 billion commitment to Fannie and Freddie by the end of the year, it will mean that under the influence of Rahm Emanuel, the White House is moving a trillion-dollar slush fund into corruption-riddled companies with no oversight in place. This will allow Fannie and Freddie to continue to purchase more toxic assets from banks, acting as a back-door increase of the TARP without congressional approval.

Before the White House commits any more money to Fannie and Freddie, we call on the Public Integrity Section in the Justice Department to begin an investigation into the cause of Fannie and Freddie's conservatorship, into Rahm Emanuel's activities on the board of Freddie Mac (including any violations of his fiduciary duties to shareholders), into the decision-making behind the continued vacancy of Fannie and Freddie's Inspector General post, and into potential public corruption by Rahm Emanuel in connection with his time in Congress, in the White House, and on the board of Freddie Mac.

We also call for the immediate appointment of an Inspector General with a complete remit to go after this information.

We both come from differing political ideologies. One of us is the conservative head of a transparency foundation, and the other is the publisher of a liberal political blog. But we make common cause today out of grave concern for the future of our country in the wake of corruption-riddled bailouts. These bailouts continue to rob Main Street to benefit Wall Street, and, because of that, we together demand the resignation of Mr. Emanuel, a man who has steadfastly worked to obstruct both oversight and inquiry into the matter. Rahm Emanuel's conflicts of interest render him far too compromised to serve as gatekeeper to the President of the United States.

We will lay out the details further below, and are available at your earliest convenience to meet with you directly.

Sincerely,

Sign our petition to AG Holder: investigate Rahm Emanuel.

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firedoglake.com

Jane Hamsher is the founder of firedoglake.com. Her work has also appeared on The Daily Beat, AlterNet, The Nation and The American Prospect. She has appeared on CNN, MSNBC, Al Jazeera, PBS and the BBC and is the author of the best selling book (more...)
 
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This is the intelligent appeal I wish for. Thank y... by karmacounselor on Thursday, Dec 24, 2009 at 7:51:30 AM
http://www.youtube.com/watch?v=w2PqbZ_-4p8 There ... by karmacounselor on Thursday, Dec 24, 2009 at 8:00:46 AM
Song for Rahm Emanuel... by Don Smith on Thursday, Dec 24, 2009 at 10:36:38 AM
Who gives an airbourne copulation about him?! Go a... by Dak on Thursday, Dec 24, 2009 at 2:01:15 PM
WITH ISRAEL.Therefore, good luck with your endeavo... by shirley reese on Thursday, Dec 24, 2009 at 7:02:32 PM
a clown and he's in for a rude awakening, you can'... by Senjo on Thursday, Dec 24, 2009 at 8:23:22 PM
Will wonders never cease! Someone with the balls t... by Mac McKinney on Friday, Dec 25, 2009 at 1:23:03 AM
While we must applaud progressives pointing out ro... by Gustav Wynn on Friday, Dec 25, 2009 at 10:04:20 AM
said she was joining the Tea Party movement and wo... by Steven Leser on Friday, Dec 25, 2009 at 4:30:56 PM
Apparently Jane Hamsher's call for a look into Rah... by Gustav Wynn on Saturday, Dec 26, 2009 at 9:19:00 AM
Link 1 Link 2 ... by Steven Leser on Friday, Dec 25, 2009 at 5:48:52 PM
Link 3... by Steven Leser on Friday, Dec 25, 2009 at 6:52:21 PM
Norquist may be the 'Prince of Darkness' himself a... by cosmic J. on Thursday, Dec 31, 2009 at 2:49:18 PM