At the risk of weekly over exposure to the blog Firedoglake, I really feel that this post, Jane Hamsher and Grover Norquist Call For Rahm Emanuel's Resignation, deserves special attention. I can think of few people in the blogosphere or elsewhere who are more liberal than Jane Hamsher. On the other hand, Grover Norquist has been the leader of "movement conservativism" for more than 2 decades. So, anything that they might do jointly deserves a second look.
Here's the gist of their request:
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.
They then proceed to lay out a number of allegations and provide significant background information including:
Rahm Emanuel was appointed to the board of Freddie Mac in February of 2000 by Bill Clinton, after serving as White House political director where he was a vocal defender of Mr. Clinton during the Monica Lewinski matter. He served there until leaving to run for Congress in 2001, which qualified him for $380,000 in stock and options and a $20,000 annual fee.
According to the Chicago Tribune, during his tenure the board was notified by executives of their plans to misstate the earnings of Freddie Mac: “On Emanuel’s watch, the board was told by executives of a plan to use accounting tricks to mislead shareholders about outsize profits the government-chartered firm was then reaping from risky investments. The goal was to push earnings onto the books in future years, ensuring that Freddie Mac would appear profitable on paper for years to come and helping maximize annual bonuses for company brass.” (3/5/2009)
There is much, much more at the link above. They also provide a petition link, that I hope many of us will sign.
As discussed in so many blogs, instapopulists and comments here at EP, it is absolutely mindboggling that one year into this corrupt Obama administration, there have been no investigations into what got us into this precarious economic situation. Yet, legislation is being advanced as if it is generally understood!
We need accountablility and we need to see the guilty parties prosecuted and punished. We don't need some kind of Abu Gharib investigation either. Yeah, there are plenty of lower personnel that can be indicted, but it is the Grand Designers who must take responsiblility. In this pursuit, I agree with Jane and would gladly ally with the "rethugs" to get at the truth and rewrite our destiny based upon that knowledge.