Personal loans to Rahm Emanuel?
White House Chief of Staff Rahm Emanuel is under fire for allegedly taking what amounts to personal loans that he didn’t repay. Yet his predicament shouldn’t scare customers of personal unsecured loans like yourself. His came in the way of alleged favors he received, which is particularly odd when you consider that Emanuel used to sit on the board of Freddie Mac. More on that in a moment.
Dick Morris and Eileen McGann of the New York Post report that “lived rent-free for years in the home of Rep. Rosa De Lauro (D-Conn.) - and failed to disclose the gift, as congressional ethics rules mandate.” It is common knowledge that Emanuel is a multimillionaire, which makes it all the more strange that he would need free room and board for any period of time.
Wait, here it is
Rep. De Lauro’s husband is Democratic pollster Stan Greenberg. While Emanuel was on the Freddie Mac board, he was also the chairman of the Democratic Congressional Campaign Committee. That organization, according to Morris and McGann, gave Greenberg large polling contracts - to the tune of $239,996 in 2006 and $317,775 in 2008.
Emanuel never declared free rent on his taxes. he claimed it was a five-year show of “hospitality.” Since this gift easily added up to more than $100,000 over that time, some experts even consider Rahm’s rent to be taxable income. Thus the “personal loans” are like cash he earned. ... click here to read the rest of the article titled "Rahm Emanuel Under Fire For Rent-Free Personal Loans"
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