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blmohr

@blmohr

, 4 tweets, 1 min read Read on Twitter

Rahm was named to the Freddie Mac board in Feb. 2000 by Clinton & was there for 14 months.

Sept. 27, 2007
"The SEC today charged Freddie Mac w/ securities fraud in connection w/ improper earnings management beginning in 1998 and lasting into 2002."
bit.ly/2LFygzE

"Its senior mgmt. exerted consistent pressure to have the company report smooth & dependable earnings growth in order to present investors w/ the image of a company that would continue to generate predictable and growing earnings."

"...Freddie Mac misreported its net income in 2000, 2001 and 2002 by 30.5%, 23.9% and 42.9%."

"Freddie Mac was accused of illegally using corp. resources from 2000-2003 for 85 fundraisers that collected about $1.7M for federal candidates. The fundraising benefited members of the House Fin. Services Cmte, whose decisions can affect Freddie Mac."
nbcnews.to/2LHMyQs

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