Skip to comments.Obama Administration Denies Public Access to Fannie and Freddie Documents
Posted on 02/20/2010 4:39:36 AM PST by RightSideNews
Just last month the Federal Housing Finance Agency (FHFA), the agency responsible for Fannie Mae and Freddie Mac, responded to our FOIA lawsuit by telling us that all of the documents we seek are not "FOIA-able"! Here's the exact language the Obama agency used in its recent court filing: "...Any records created by or held in the custody of the Enterprises reflecting their political campaign contributions or policies, stipulations and requirements concerning campaign contributions necessarily are private corporate documents. They are not 'agency records' subject to disclosure under FOIA."
(Excerpt) Read more at rightsidenews.com ...
WELCOME TO THE USSR!!!
Gotta give Sandy Berger a chance to get over there first.
The orders are from David Gregory’s wife.
YOU WILL NOT HEAR ABOUT THIS ON THE MSM NEWS.
Next stop a Federal court near you.
This also helps Andrew Cuomo in his run for NY gov.....
The courts will have something to say about this. A delaying tactic only.
It’s time for some insiders to start getting these documents to the public.
I want to be there to witness the incarceration of Obama and his loons.
--the Federal Government Bureaucracy
When did Fannie and Freddie become “private” corporations?
This is just so much BS!!! These little fifedoms of preferential party finance and influence have got to be exposed. It’s not their damn money! If they aren’t willing to open their books, THEY ARE HIDING SOMETHING!
And it’s got to stop. A legitimate democracy cannot/should not be run in the shadows.
What a maroon Oputz is to be sure!
I pray, if there is a merciful God in heaven, that the Republicans take over both houses of Congress in November. In order to shine the light on the corruption that started last year....
(I’m Catholic, ever optimistic!)
"The Federal National Mortgage Association (FNMA) (NYSE: FNM), commonly known as Fannie Mae, is a stockholder-owned corporation chartered by Congress in 1968 as a government-sponsored enterprise (GSE),...
They are pretend corporations, "owned" by the public but wholly controlled by the government.
They are pretend corporations, “owned” by the public but wholly controlled by the government
Privately owned but government controlled. It that not the definition of “Fascism”?
Here we go again....Judicial obstructionists.
The Wall Street Journal was the first to criticize Cuomo, probing his record as secretary of the Department of Housing and Urban Development from 1997-2001.
While at the HUD, Cuomo required Fannie Mae and Freddie Mac to buy $2.4 trillion in mortgages over a 10-year span. Cuomo said that meant affordable housing for 28.1 million low- and moderate-income families.
“Fannie and Freddie’s purchases of subprime loans skyrocketed,” the editorial says.
“The problem wasn’t merely that the Cuomo HUD was raising the volume of loans for which taxpayers would be on the hook. It was also encouraging a dangerous decline in underwriting standards at these government-sponsored enterprises “
Anyone surprised at this would also be surprised to learn that bears are pooping in the woods.
Fannie mae and Freddie mac are public institutions owned by and functioning for (supposedly) the American people. We, the citizens of the United States, together are the shareholders in these institutions.
This is a travesty and it is ABSOLUTELY unconstitutional!
Unconstitutional you say? Hmmmm, that seems to be par for the course for this evil administration.
Freddie and Fannie are technically private corporations. While they may be in receivership by the Feds at the moment, and own a federal charter, they are still ostensibly private.
While this is a nice tempest in a teapot to get worked up over, I prefer that a stand is taken to deny FOIA requests about private companies rather than the converse. Would you like any company which gets a dime from Uncle Sam or even a guarantee to be on the hook for FOIA requests? Don’t you see what damage the left would do with such a tool?
It’s always prudent to look for the unintended consequences when you try to push through radical changes like this request.
As for Fannie and Freddie being under the control of the Feds, that is a recent thing from them going broke. Before that they did more of the string pulling to be quite honest with their horde of bought congressmen.
I thought Freddie an dfannie were publically held entities, part of the government finance system.
Thanks for the information. No I most certainly would not want private companies subject to FOIA demands.
Democrats have been using Fannie/Freddie as a personal piggy-bank for almost two decades now.
If the books get opened to the Public, a LOT of Democrats are going to jail.
Democrats have been using Fannie/Freddie as a personal piggy-bank for almost two decades now.”
And the Republicans knew nothing about it?
We the People would really not appreciate havin’ to go medieval....
>>Democrats have been using Fannie/Freddie as a personal >>piggy-bank for almost two decades now.
They have been playing quid pro quo games where Dems (and Pubs) in congress run interference for Freddie and Fannie from regulators in return for campaign funds and spending on pet projects. Barney Frank is one of the biggest players in this.
>And the Republicans knew nothing about it?
Many GOPers have been complicit in this game. While I would say the Dems are on average more corrupt, they certainly have not cornered the market on corruption.
I strongly suspect that about 2 million of us...walking into the city..with some locksmiths/computer hackers in front...could eventually just walk into headquarters and start downloading onto public servers exactly what we need to know...but that’s what it would take...
“Closed to the Public”
This was the whole reason for real estate bubble. Needs to be exposed.
The transparency of this administration is as impressive as all its other attributes.