Is this Change?
Posted on November 12, 2008
Filed Under "special treatment" on loans, 9/11, 9/11 Commission, American Presidency, American President, American elections, Barak Obama, Bureaucracy, Chris Dodd, Condoleeza Rice, Democratic Party, Franklin Raines, Freddie Mac, Government Sponsored Entities, International, Jamie Gorelick, Judicial, Kent Conrad, Left, Liberalism, News, Obama, Obama's contradictions, Obama's lies, Obama's sainthood, Obamafada, Political lies, President Obama, Richard Holbrooke, Senator Dodd, Senator Obama, September 11, St. Obama, US, US Department of Justice, US President, United States, affordable housing, arrogance, bureaucrats, corruption, democrats, elections, financial, government, government bailouts, governmental organizations, intelligence, money, moral turpitude, mortgage loans, mortgages, political corruption, political elite, political hypocrisy, political ineptitude, politicians, politics, sub prime mortgage, suppressing the facts, theft | 4 Comments
Investors Business Daily had the following editorial:
Another Brick In ‘The Wall’?
By INVESTOR’S BUSINESS DAILY | Posted Tuesday, November 11, 2008 4:20 PM PTTransition: Jamie Gorelick may be back, this time as attorney general. It was her “wall of
separation” that that left us blind pre-9/11. And let’s not forget her admirable service at Fannie Mae.
Not many people can claim to have been at the center of arguably the greatest financial disaster and greatest national security disaster in American history. But Gorelick, said to be on the short list for attorney general by the New York Times, can. Surely that qualifies her for further government service.
Gorelick earned an estimated $26 million serving as vice chair of Fannie Mae from 1998 to 2003. In 1998, according to the Washington Post, Gorelick received a bonus of $779,625, despite a scandal in which employees falsified signatures on accounting transactions to manipulate books to meet 1998 earning targets.
Saint Obama hasn’t become president yet, but is already counting on having someone to a cabinet post that will just have to resign…. hmnnnn! Shouldn’t the next US Attorney General be someone who does not have the moral or mental turpitude of being unaware of a scandal brewing under his/her own nose?
In 2003, she got a “Friends of Angelo” sweetheart mortgage deal from Countrywide Financial for almost $1 million. Her $960,000 mortgage refinancing in 2003 was handled through a program reserved for influential figures and friends of Countrywide’s chief executive at the time, Angelo Mozilo.
Countrywide’s loans on preferential terms to influential figures are the subject of a federal grand jury investigation in Los Angeles, according to people involved in the inquiry. So Gorelick is in fact under investigation by the department she might soon be running.
On March 25, 2002, BusinessWeek quoted Gorelick as saying: “We believe we are managed safely. Fannie Mae is among the handful of top-quality institutions.” One year later, government regulators accused Fannie Mae of improper accounting to the tune of $9 billion in unrecorded losses. This keen financial oversight set the stage for the financial meltdown to follow.
In fairness to Jamie, she is in good Democrat company among Angelo Mozilo’s friends:
Senators Christopher Dodd and Kent Conrad, former cabinet members Alphonso Jackson and Donna Shalala, and former United Nations Ambassador Richard Holbrooke. The Wall Street Journal reported that James Johnson and Franklin Raines, both former C.E.O.’s of government-sponsored mortgage buyer Fannie Mae, received favorable rates.
Please, gentle reader, the lady is not alone in seeking favors from Countrywide’s CEO, Thus we may not single her out. It would not be fair, would it? I have a problem, however, since she was not among those Fannie Mae executives who ended up being fined, we must assume that whatever financial shenanigans were going on at Fannie Mae escaped her notice. Doesn’t that make her look rather… dense? $9 billion were cooked into the books and she knew nothing?!? Surely the good junior Senator from Illinois can find someone with better credentials… even if he has to go outside of his immediate circle of “friends?” Then again, in preparation for a possible brewing clamor to investigate all the former execs of Fannie Mae, Saint Obama may need a friendly face at the Justice Department… Food for thought, gentle reader, food for thought… Meanwhile, back to IBD:
Before Fannie Mae, Gorelick was deputy attorney general in the Clinton Justice Department and architect of the policy that established a wall between intelligence and law enforcement, making “connecting the dots” before 9/11 a virtual impossibility.
Gorelick was the author of a 1995 memo that helped establish what former Attorney General John Ashcroft testified was the “single greatest structural cause” for Sept. 11, which was “the wall that segregated criminal investigators and intelligence agents.”
One must wonder what good reason can possibly be adduced to justify such a moronic move. Or… did they know something we, the public, were never told about? Does someone “need” to be at the Department of Justice who knows where to find what must be urgently destroyed?!?!? Food for thought, gentle reader, food for thought…
“Government erected this wall,” Ashcroft said. “Government buttressed this wall. And before Sept. 11, government was blinded by this wall.”
Gorelick later was a member of the 9/11 Commission, a participant in the very events being investigated. At the commission hearings, she pummeled Secretary of State Condoleezza Rice, not with questions but with accusations of malfeasance, asking Rice why her office failed to “connect the dots.”
Do you remember watching those hearings? Do you remember Jamie and Condie’s sparring. I guess Ms. Gorelick really had to hide her role…
Gorelick made the accusations knowing that she herself issued the memo ordering the FBI to erect a legal wall between itself and the CIA, preventing them from sharing information, making it impossible to collect the dots, much less connect them. She should have been a witness, not a panel member.
She should have been a witness, not a panel member. Yet… she is on the short list to become President Obama’s US Attorney General. Is it just me, or does anyone else detect a very smelly herring in the room, as well?!?!?
Manhattan U.S. Attorney Mary Jo White, who in 1998 brought an indictment against bin Laden and a deputy, Mohammed Atef, for the bombings of the U.S. embassies in Kenya and Tanzania, wrote two scathing memos to Attorney General Janet Reno on the wall Gorelick built with Reno’s approval.
On June 13, 1995, White wrote Reno: “The most effective way to combat terrorism is with as few labels and walls as possible so that whenever permissible, the right and left hands are communicating.”
According to a New York Post report, White was so upset after Reno and Gorelick refused to tear down Gorelick’s wall barring information-sharing between intelligence and law enforcement that she wrote a second, still-secret memo, saying their wall hindered law enforcement and could cost lives.
In this time of financial crisis and war on terror, it would be more than a little ironic if an old Clinton crony, someone who played a detrimental role in both, would be rewarded again with a key role in government. Maybe it’s true that the more things “change” the more they remain the same.
On June 13, 1995, White wrote Reno: “The most effective way to combat terrorism is with as few labels and walls as possible so that whenever permissible, the right and left hands are communicating.” That should have been obvious to anyone, with a brain… yet, it was not obvious to Jamie… Maybe it’s true that the more things “change” the more they remain the same. It is very true in almost every case, but here it not so true. You see, gentle reader, this “change” only bespeaks of further government corruption. Pity!
Chaim
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4 Responses to “Is this Change?”
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All of this hype because of a NYT piece suggesting she might be considered for A.G.? Sounds a little premature don’t you think?
I think all conservatives expected something like this. Of course that woman should be nowhere near the AG’s office. She is too legally challenged herself. She’s been involved in too many questionable deals to be morally qualified to be AG, not that AGs seem to do anything, but trust me, SHE will. It won’t be to the advantage of the USA, but she’ll do things that we’ll all be worse for.
Only thing premature is Obama’s anxiety to be appointed ruler of the universe.
Nothing like having the fox guard the hen house. Or as Winston Churchill said it so eloquently, “sometimes the truth is so precious that it must be guarded by a fortress of lies” .
She get in there and pave the way for a reprise of the serve’em-with-legal-papers statergery that Clinton used so well against the bombers of the then-standing World Trade Center in 1993.
And she’ll ensure that there’s no communication between the DOJ and America’s other intelligence and law-enforcement agencies.