March 24, 2011
Captain Gorelick on Obi-One's Short List for FBI Director
Word around the Beltway has it that longtime Democrat operative Jamie Gorelick is one of the favorites for the FBI director role under President Obama. What could possibly go wrong?But don't worry they were able to paint that Fannie Mae thing as Booshes' fault.Well, for starters, it's not often that the same person plays key roles in two -- count 'em, two -- trillion-dollar disasters.
...In 2004, observers were "astonished" to discover that a key member of the 9/11 Commission had a fatal conflict-of-interest. Jamie Gorelick had served as a Deputy Attorney General under Bill Clinton from 1994 to 1997.
...Though she had no training or experience in finance, Gorelick was appointed the Vice Chairman of Fannie Mae and served in the role from 1997 to 2003. During that six-year period, she earned over $26 million.
During Gorelick's tenure, FNMA suffered a $10 billion accounting scandal, an ominous harbinger of the firm's looming troubles. One of the falsified transactions helped FNMA hit earnings targets for 1998, which triggered bonuses for top executives including nearly $800,000 to Gorelick.
