Tuesday, October 21, 2008

Subprime Disaster's High-Value Targets: The Deck

Card three.

(source for quotes one and two)

Jamie Gorelick is tied to the subprime meltdown because of her executive role at Fannie Mae, especially given her specific responsibilities. And beyond the personal enrichment that Gorelick enjoyed as a result, the presence of high powered Democratic appointees to Fannie Mae's board was used to help fend off efforts at oversight that could have earlier detected the problems at the company. Gorelick was one of many (and yes, we will get to them as well), but she was one of high visibility and stature.

ALSO: Gorelick's role at Fannie is certainly not the only source of her infamy. Jim Lindgren notes:

This is the same Jamie Gorelick who was Deputy Attorney General in the mid 1990s and was reported to have been the author of the Clinton Administration’s WALL against sharing intelligence data between foreign and domestic agencies. Without the policies instituted by Gorelick still in place in 2001, officials might have learned more about the 9/11 attacks before the planes hit the buildings.

PREVIOUSLY:

Card one: Ace of Clubs, Christopher Dodd

Card two: King of Clubs, Charles Schumer


5 comments:

  1. Oh, Barney has got to be the jack-off of clubs!

    This is a great idea you have going here. Well done!

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  2. I agree. Barney Frank as the Jack!

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  3. or Frank the Joker (aka "Fool")

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  4. I think Barney Frank should have been the Queen. It is correct on his place as well as...

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  5. Gorelick looks like a younger, more attractive, Madlaine Albright. Which still translates into ugly. And no personality.

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