rahm emanuel Ron Klaine

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California attorney general's office subpoenas Fannie, Freddie ... subpoenaed information from mortgage titans Fannie Mae and Freddie Mac ... Chief of Staff Rahm Emanuel, senior advisor Valerie Jarrett, former National Economic Council Director Larry Summers and Ron Klain, former chief of staff to Vice President [Joe].

http://beforeitsnews.com/obama-birthplace-controversy/2011/11/his-city-a-fiscal-wreck-chicago-mayor-rahm-emanuel-shows-chutzpah-1410333.html

The economic crisis was spawned by a housing collapse that Rahm helped engineer or at least failed to take action against. He doesn't like to talk about his 14-month stint on the board of Freddie Mac. Emanuel was named to the Freddie Mac board by President Bill Clinton in 2000 and resigned his position when he ran for Congress in May 2001.

During the years 2000, 2001 and 2002, according to the SEC, Freddie Mac substantially misrepresented its income to "present investors with the image of a company that would continue to generate predictable and growing earnings."

Emanuel is famous for saying what has become the mantra of the Obama administration: "You never want a serious crisis to go to waste — and what I mean by that is an opportunity to do things that you didn't think you could do before."

As White House chief of staff, Emanuel saw an opportunity to exploit an economic crisis engineered by activists and government,meddling in the housing market through the Community Reinvestment Act and Fannie and Freddie. That crisis would let the administration he served take over the health care, financial and auto industries, push cap-and-trade, and pursue a 40-year-old liberal wish list.

Emanuel may also have had a hand in the Solyndra scandal, although he has denied any knowledge or involvement. An e-mail from a White House official indicates Emanuel talked to Ron Klain, Vice President Joe Biden's chief of staff, to plan an event in summer 2009, despite concerns raised by White House environmental adviser Heather Zichal about Solyndra's finances.

"(Klain) has talked to Rahm about this and feels Rahm wants this too (barring any concerns) — POTUS's involvement was Rahm's idea," wrote Aditya Kumar, a White House director of special projects, in an e-mail to other officials in August 2009.

Vice President Biden would make a televised announcement of the $535 million stimulus loan and President Obama would tour Solyndra as a centerpiece of his green energy and jobs program. Solyndra and these policies have been a stunning failure.

If Emanuel wants to blame anyone for our current crisis, he and the president he served need only look in the mirror. Hopefully, the GOP will reverse things in 2012. After all, a crisis is a terrible thing to waste.