Emanuel's Profitable Stint at Freddie Mac

Worth Clicking: Blasts from the past wound Romney

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March 26, 2009

Emanuel's Profitable Stint at Freddie Mac

The Chicago Tribune reports that White House Chief of Staff Rahm Emanuel "made at least $320,000 for a 14-month stint at Freddie Mac that required little effort."

Though his involvement with the troubled mortgage giant "has been a prominent point on his political résumé," what is less known "is how little he apparently did for his money and how he benefited from the kind of cozy ties between Washington and Wall Street that have fueled the nation's current economic mess."

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Taegan D. Goddard is the founder of Political Wire, one of the earliest and most influential political web sites.

Goddard spent more than a decade as managing director and chief operating officer of a prominent investment firm in New York City. Previously, he was a policy adviser to a U.S. Senator and Governor.

Goddard is also co-author of You Won - Now What? (Scribner, 1998), a political management book hailed by prominent journalists and politicians from both parties. In addition, Goddard's essays on politics and public policy have appeared in dozens of newspapers across the country, including the Washington Post, USA Today, Boston Globe, San Francisco Chronicle, Chicago Tribune, Philadelphia Inquirer and Christian Science Monitor.

Goddard earned degrees from Vassar College and Harvard University. He lives in New York with his wife and three sons.

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March 26, 2009