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Message: Gartman on potential appointment as FBI Director

It certainly seems a person with this resume should never be allowed to hold a public or government position. How come things never change in Washington???

Gartman commentary:

Finally, we have heard that Ms. Jamie Gorelick is being

considered for the position to head the FBI. This cannot

and must not be true. Mr. Gorelick… an attorney with

one of the leading law firms in Washington: Wilmer,

Cutler, Pickering, Hale & Dorr and a former Ass’t Attorney

General in the Clinton Administration… is one of the

people we hold fully responsible for the problems in the

US housing market, for it was she who moved hard and

often to end the so-called “red lining” of the US mortgage

system, forcing banks to make loans to individuals that

would have previously been deemed “un-bankable” and

indeed incapable of maintaining proper banking relations.

She was on the Board of Fannie Mae and served as its

Vice Chairman from 1997-2003, and it was during her

tenure that Fannie Mae made the massive errors of

judgment that resulted in the collapse of the US housing

market. She was paid more than $25 million by Fannie

Mae during her tenure there! We do indeed blame her

for much of what happened. She was also the person

responsible for establishing “The Wall” that separates the

FBI from the CIA and the NSA, making it all but

impossible for these organisations to share information

they get on a daily basis. Appointing her as the Director

of the FBI would be utter madness.

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