Court Denies Access to Fannie/Freddie Political Records

[Galileo]

Court Denies Access to Fannie/Freddie Political Records

Judicial Watch recently suffered a temporary setback in its pursuit of records related to Fannie Mae and Freddie Mac’s political contributions. On September 30, 2010, the U.S. District Court for the District of Columbia ruled, in effect, that the Obama administration... may keep the records of these two government-controlled enterprises secret.

This [ruling] shows that the Obama Administration’s commitment to transparency is a big lie. It is incredible that taxpayers are on the
line for at least $400 billion, yet cannot access one document from these agencies under the Freedom of Information Act (FOIA).

Fannie and Freddie used political contributions to protect themselves as they set up the housing market for collapse. Now, as a result,
taxpayers are on the hook to Fannie and Freddie for at least $400 billion — and $5 trillion in mortgage liabilities. The Obama
administration has taken over the mortgage market through Fannie and Freddie. And not one document from these two monstrosities is subject to disclosure under our open records law? No wonder the Tea Parties are growing. The Obama administration is out of control and argues to courts for radical secrecy and lack of accountability.

MORE:

http://biggovernment.com/tfitton/2010/10/13/court-denies-access-to-fanniefreddie-political-records/#more-180913

This is a load of BS.

[coyotes_geek]

It is utter crap, but to be expected.

[Wild Cobra]

I wonder how they would rule in a similar situation should it happen with Government Motors?

[LnGrrrR]

This [ruling] shows that the Obama Administration’s commitment to transparency is a big lie.


Along with about 400 other things.

[jack sommerset]

Wikileaks needs to jump on this story.

[DarrinS]

Everyone knows a vast majority of their money goes to

http://assets.democrats.org/images/blog/blog_post-logo_tag.gif

[boutons_deux]

"Fannie and Freddie used political contributions to protect themselves as they set up the housing market for collapse."

You Lie

toxic mortgages, sub-prime mortages, were churned and sold to Fannie and Freddie, who didn't make them toxic, and bought them in good faith. The mortgage sellers knew they were selling off crap and pocketing their fees. Fannie and Freddie should cram this toxic crap down the throats of the now-known-to-be-fraudulent mortgage originators.

" The Obama administration has taken over the mortgage market through Fannie and Freddie."

You Lie. Fannie and Freddie were already dominant players during the Repug administration.

"No wonder the Tea Parties are growing."

The tea baggers didn't give fuck about the extreme secrecy of dickhead and his Unitary Executive, even retroactive going back to Clinton's and Reagan's papers. Now they're worried? GMAFB

"The Obama administration is out of control"

You Lie

"argues to courts for radical secrecy and lack of accountability."

That's only a problem when Dems do it, not a problem, not a peep, when Repugs do it.