Wednesday, November 02, 2016

Blast from the past, part two

So the other day, Jamie Gorelick was opining on supposed improprieties in the FBI reopening the investigation on Hillary's emails. Victor Davis Hanson reminds us of who Gorelick is:

. . .[W]hat is destroying democracy is an elite culture of amorality in Washington, in which incestuous politicians, journalists, and lawyers go out from government and politics into government-related finance, law, and lobbying, often cashing in without proven expertise or experience — in other words, in the manner that one Jamie Gorelick (whose Post byline of high government service mysteriously stops nearly 20 years ago at 1997) served for nearly six years (1997–2003) as vice chairman of the Federal National Mortgage Association (Fannie Mae) under the infamous Franklin Raines. Raines and Gorelick oversaw a $10 billion loss, putting Fannie Mae on the trajectory to its implosion during the 2008 meltdown.

For all that damage, Gorelick walked away from the Fannie Mae mess with $26,466,834 in compensation and “bonuses,” although for what reason and on what merit no one has yet ascertained. The bonus was almost as mysterious as her own original appointment to Fannie Mae as an outgoing Clinton official, given that Gorelick had no banking expertise whatsoever to help manage one of the nation’s most important lending institutions.

In today’s Washington ethos, Gorelick, who owed her job to Bill Clinton, and, thanks to him, made millions as her agency imploded, now writes about the FBI director’s supposed ethical problems as emblematic of a danger to democracy — in a not so subtle fashion to help the candidacy of Hillary Clinton. Gorelick’s public career could charitably be called a textbook case of conflict of interest. Meanwhile, no one any longer recalls the millions of Americans who lost their homes and savings in part due to the consequences of sloppy, unethical, and callous leadership of Washington’s government-sponsored finance and lending.

If you seek the monuments of Trump’s origins, look around Washington.

1 comment:

Gino said...

VDH is uniquely qualified to speak on some issues that others are not. He lives in northern California, reportedly in a small town (the only kind they have in that region). I just returned from a week in that vast region. The Trump signs dot the landscape like wildflowers... It's a different land than the area surrounding it.