Tuesday, December 9, 2008

How Rahm Emanuel Made Mega-Millions and Bought His Way to Power

By Ben Protess, ProPublica
Posted on December 9, 2008, Printed on December 9, 2008
http://www.alternet.org/story/110396/

Since Rahm Emanuel was appointed the next White House chief of staff last month, ProPublica has been retracing his previous life as an investment banker, which earned him more than $18 million in less than three years.

The New York Times recently shed new light on Emanuel's Wall Street days -- and how they helped send him to Congress.

In late 1998, Emanuel left the Clinton White House to work for Wasserstein Perella, a now defunct investment bank run by Bruce Wasserstein, a major Democratic donor.

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