Well This Sadly Really Isn’t Surprising

She has shown that high-level of incompetence that we expect from Obama and his appointees

(CNSNews.com) – Jamie Gorelick, a former Clinton administration official who reportedly has made the Obama administration’s short list to become the next director of the Federal Bureau of Investigation (FBI), was paid more than $26 million in total compensation as a top executive at Fannie Mae–before taxpayers had to bail out the mortgage giant.

…In 2001, Gorelick announced that Fannie was buying subprime loans encouraged by the Community Reinvestment Act (CRA) and bundling them as securitized financial instruments. Securities made from bundles of guaranteed mortgages were to contribute to the banking crisis later in the decade.

…In remarks before the American Bankers Association on Oct. 30, 2000, Gorelick explicitly how the procress would work and what Fannie Mae would do to make it feasible for banks to lend to low-income applicants.

“We will take CRA loans off your hands–we will buy them from your portfolios, or package them into securities–so you have fresh cash to make more CRA loans,” she said. “Some people have assumed we don’t buy tough loans. Let me correct that misimpression right now. We want your CRA loans because they help us meet our housing goals.

…In the memo, “Instructions on Separation of Certain Foreign Counterintelligence and Criminal Investigations,” Gorelick set out guidelines for concurrent investigations into the 1993 World Trade Center bombing by both criminal investigators and intelligence officers within the Department of Justice.

…Bush Attorney General John Ashcroft later testified before the 9/11 Commission that Gorelick’s “wall” was a “structural cause” in the attacks on Sept. 11, 2001 being allowed to occur.

In his prepared testimony, he said, “In 1995 the Justice Department, imposing a series of restrictions on the FBI that went beyond what the law required. … The single greatest structural cause for September 11 was the wall that segregated criminal investigators and intelligence agents. Government erected this wall. Government buttressed this wall. And before September 11, government was blinded by this wall.”

She was instrumental in creating the sub-prime disaster. She greatly hindered our domestic security prior to September 11th.

God, she’s perfect for this administration.

7 Responses to “Well This Sadly Really Isn’t Surprising”

  1. major dad says:

    Jamie Gorelick director of the F.B.I.?! Good Lord…

  2. JeffS says:

    God help the United States if that screwball is appointed FBI director.

  3. […] Could Mistress of Disaster Jamie Gorelick really be on the short list to lead the FBI? Miss Attila has an opinion. So does Bingley. […]

  4. mojo says:

    They propose her as a trial balloon, she makes the actual nominee look fairy competent.

  5. tree hugging sister says:

    Was that a Freudian slip, mofo, or a kinetic one?

  6. mojo says:

    I must be going sessile.

  7. Oh Christ. We’re really freaking doomed. No, really. Colonel Neville.

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