Obama Appoints Key Figure in Subprime Mortgage Mess as Chief of Staff

The Obama disaster is already off to a good start.

Not only have stocks sharply fallen for another day as businesses continue to brace for lean times and heavy taxes under Obama's rule. Unemployment may have reached a high but it is only a marker of how high it will really go once Obama and his cronies begins destroying the American economy and pocketing the loot.

As a sign of things to come, Obama has appointed a key figure in the Subprime mortgage mess, Rahm Emanuel, a former ethically challenged Clinton associate who sat on the board of Fannie Mac disregarding all calls for reform.

Despite protests from many Democrats and Obama supporters, Emmanuel is now set to play the leading role in an Obama administration that promises to address the economic crisis, despite his own role in causing it.

President-elect Barack Obama's newly appointed chief of staff, Rahm Emanuel, served on the board of directors of the federal mortgage firm Freddie Mac at a time when scandal was brewing at the troubled agency.

According to a complaint later filed by the Securities and Exchange Commission, Freddie Mac, known formally as the Federal Home Loan Mortgage Corporation, misreported profits by billions of dollars in order to deceive investors between the years 2000 and 2002.

Obama's choice of Rahm Emanuel as Chief of Staff indicates that Obama will continue the same corrupt policies that caused the subprime mortgage mess in the first place as a reward for his financiers on Wall Street and off it, such as George Soros.

While the media is refusing to vet Rahm Emanuel, a man at the center of the sub-prime mortgage mess, it's up to the American people to demand accountability from this ethically challenged administration.

By bringing in Rahm Emanuel, Obama is bringing over a fellow Chicago thug with a long experience with both dirty politics and dirty money. This is the sort of fellow Obama has decided will be a great Chief of Staff...

At a dinner to celebrate President Clinton's first election victory, Mr Emanuel began to name those who he believed had earned his enmity. As he listed the names of those he saw as traitors, he grabbed a steak knife, stood up and began plunging the knife into the table and shouting "Dead! Dead! Dead!" after each name.

"When he was done, the table looked like a lunar landscape," one witness recalled. "It was like something out of The Godfather. But that's Rahm for you.

You can bet that wherever he is Rahm Emanuel is stabbing tables too and getting ready to stab people too in his new role as "Obama's Godfather."

The LA Times blog, hardly a right wing partisan source, describes Rahm Emanuel as a "political assassin" who "enjoys being a bad guy"

The Illinois congressman, after all, is best known as something of a Democratic political assassin. From his days as a top aide to President Clinton to his recent role leading the Democrats to a House majority, Emanuel has relentlessly attacked his foes and gone ruthlessly after anyone who stood in his way.

That's just a taste from the War on America that we can expect from the Obama Administration, more Chicago style corruption and thuggery.