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Appeals Court Rules Fannie/Freddie Docs Can be Kept Secret
Big Government ^ | 8/15/11 | Tom Fitton

Posted on 08/15/2011 10:07:24 AM PDT by Nachum

So far the U.S. government has bailed out Fannie Mae and Freddie Mac to the tune of at least $130 billion, and perhaps as much as $1 trillion. And yet, the Obama administration continues to stonewall the release of documents that could shed light on why Fannie and Freddie failed, thereby sending the economy into a tailspin from which we have yet to recover. (Those records are housed at the Federal Housing Finance Agency (FHFA) now that Fannie and Freddie are owned and operated by the federal government.)

(Excerpt) Read more at biggovernment.com ...


TOPICS: Crime/Corruption; Front Page News; News/Current Events
KEYWORDS: appeals; barackalypsenow; bhoeconomy; bhofascism; court; democrats; economy; fannie; fanniefreddie; fanniemae; freddie; freddiemac; housing; liberalfascism; noaccountability; nointegrity; nojustice; notransparency; obama; obamadepression; obamageddon; rules

1 posted on 08/15/2011 10:07:33 AM PDT by Nachum
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To: Jet Jaguar; NorwegianViking; ExTexasRedhead; HollyB; FromLori; EricTheRed_VocalMinority; ...

The list, ping

Let me know if you would like to be on or off the ping list

http://www.nachumlist.com/


2 posted on 08/15/2011 10:08:38 AM PDT by Nachum (The complete Obama list at www.nachumlist.com)
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To: Nachum

Most transparent administration ever.


3 posted on 08/15/2011 10:11:13 AM PDT by NoKoolAidforMe (I'm clinging to my God and my guns. You can keep the change.)
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To: Nachum

This secrecy, if a privately owned corporation was involved, wouldn’t even be contemplated. This ruling succeeds, and is intended, soley to protect the exposure of government corruption, to which the court is now a party.


4 posted on 08/15/2011 10:12:10 AM PDT by Spok (This space left intentionally blank.)
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To: Nachum

Public documents kept secret. I really can’t stand any more of this transparency.


5 posted on 08/15/2011 10:12:47 AM PDT by Libloather (The epitome of civility.)
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To: Spok

What do you expect of a DC appeals court?


6 posted on 08/15/2011 10:15:05 AM PDT by expatpat
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To: Nachum

WTF?????????

I thought ALL public agency recrods were... public?

Is this subject to the FOIA?


7 posted on 08/15/2011 10:15:41 AM PDT by Mr. K (CAPSLOCK! -Unleash the fury! [Palin/Bachman 2012- unbeatable ticket])
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46 Days And FR Is Still Short Of Its Goal

We Are In A Fight For Our Republic

Are You In Or Are You Out?

Support Free Republic

8 posted on 08/15/2011 10:17:09 AM PDT by DJ MacWoW (America! The wolves are here! What will you do?)
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To: Spok

Hopefully this ruling gets appealed and kicked up to another court.


9 posted on 08/15/2011 10:19:27 AM PDT by pieceofthepuzzle
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To: pieceofthepuzzle

Yes, I agree. Hopefully the USSC will put a stop to the thuggery and corruption that has taken place at Fannia Mae and Frddie Mac.

obamma and the RATS have a lot riding on keeping this criminal activity secret, imo.


10 posted on 08/15/2011 10:27:26 AM PDT by rawhide
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To: pieceofthepuzzle

“Hopefully this ruling gets appealed and kicked up to another court.”

Soon I hope. Imagine the condition of the records the longer they are held by those that seek to do them harm.


11 posted on 08/15/2011 10:28:38 AM PDT by rockinqsranch (Dems, Libs, Socialists, call 'em what you will, they ALL have fairies livin' in their trees.)
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To: Nachum

and perhaps as much as $1 trillion.
///
when it does come out, in 2013,
it won’t help the Market much...


12 posted on 08/15/2011 10:34:12 AM PDT by Elendur (It is incumbent on every generation to pay its own debts as it goes. - Thomas Jefferson)
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To: rockinqsranch
So, in other words, because no one at the FHFA, the agency in charge of Fannie Mae and Freddie Mac, has “read or relied upon” the documents, they are not considered agency records under FOIA, and cannot be released.

Words well spoken in a Banana Republic.

13 posted on 08/15/2011 10:35:16 AM PDT by Digger (T)
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To: pieceofthepuzzle
Hopefully this ruling gets appealed and kicked up to another court.

By that time the documents will either "mysteriously disappear" or be shredded.

Nothing new from this corrupt so called govt.

14 posted on 08/15/2011 10:38:21 AM PDT by unixfox (Abolish Slavery, Repeal The 16th Amendment!)
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To: Nachum

No problem.

The House controls the purse. Republicans supposedly control the house. Simply make the Fannie Mae and Freddie Mac separate bills from the rest and don’t send those bills to the floor until they give up those records. At worst they will hold out until day two or three of a shut down.


15 posted on 08/15/2011 10:41:24 AM PDT by SUSSA
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To: Nachum
The story of Fannie Mae and Freddie Mac is the story of the entire bailout scheme. The government continues to “invest” trillions of taxpayer dollars to prop up failing private institutions with no end in sight. And the Obama administration continues to stonewall and obfuscate even as it asserts government control of 90% of the housing market.

I don’t know about you but it seems that we’re in the same sorry spot three years after the bailouts/government takeovers that “rescued” our economy. Our credit has been downgraded, the stock market is on a rollercoaster, our government continues its gangster ways in attempting to run the private sector, the government-controlled housing market continues to be a mess, and our banks stand on a precipice. Unless our nation reckons with the government corruption behind the ongoing financial crisis, I suspect our economy (and our republic) will continue to flounder.

16 posted on 08/15/2011 10:52:02 AM PDT by American in Israel (A wise man's heart directs him to the right, but the foolish mans heart directs him toward the left.)
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To: Nachum

The only reason for ‘secrecy’ in this instance is they are hiding something. The Congress has oversight. This has nothing to do with National Security. These docs should be public from the get go...................


17 posted on 08/15/2011 10:56:15 AM PDT by Red Badger ("Treason doth never prosper.... What's the reason? Why if it prosper, none dare call it treason.")
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To: Nachum

They have to protect their fellow democrats from the light.I’m sure Dodd was not the only one who got sweetheart loans or worse.


18 posted on 08/15/2011 11:08:32 AM PDT by chris_bdba
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To: Nachum

If I were the GOP nominee, I would vow that, if elected, I would make all documents public by executive order on the day I am sworn into office.


19 posted on 08/15/2011 11:28:29 AM PDT by Cowboy Bob (Greed + Envy = Liberalism)
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To: Nachum
Thank God we have Judicial Watch to pursue this. They are a great organization. If you have not contributed to their cause yet, you should.

The documents that they are trying to get pertain to campaign contributions by Freddie and Fannie to most of the Establishment Politicians.

Freddie and Fannie had so much money that they bought off almost all of the Establishment Politicians from both parties with sizable campaign contributions -- especially the senators on the banking committee.

The Establishment Politicians don't want this information coming out. Freddie and Fannie were by far the primary reason the housing market collapsed. Establishment Politicians from both parties will go to great lengths to protect them so that the American people will never know what happened.

It is a dirty, corrupt system -- especially the Senate. *All* of the senators (except the ones in the Tea Party) need to go.

.

20 posted on 08/15/2011 12:03:35 PM PDT by bobk333
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To: Nachum

This pretty much tells me our government is really corrupt.
Hey they put 0bammie in. That was the first clue.


21 posted on 08/15/2011 12:09:10 PM PDT by TribalPrincess2U (democRATS—just doing al Qaeda ground work? Obama owns it all now.)
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To: chris_bdba
>>>They have to protect their fellow democrats from the light.I’m sure Dodd was not the only one who got sweetheart loans or worse.

>>>If I were the GOP nominee, I would vow that, if elected, I would make all documents public by executive order on the day I am sworn into office

Make no mistake about it, THIS IS A BIPARTISAN COVER-UP. The whole system is corrupt. Both sides are bought and paid for by Freddie and Fannie.

From Judicial Watch:

According to OpenSecrets.org from 1998 through 2008, the top ten recipients of Fannie Mae and Freddie Mac's political largesse are as follows: Senator Dodd (D-CT), then-Senator Obama (D-IL), Senator Kerry (D-MA), Senator Bennett (R-UT), Rep. Bachus (R-AL), Rep. Blunt (R-MO), Rep. Kanjorski (D-PA), Senator Bond (R-MO), Senator Shelby (R-AL), Senator Reed (D-RI). Senator Dodd, the top recipient of Fannie Mae and Freddie Mac campaign contributions, is Chairman of the Senate Banking Committee responsible for regulating the mortgage industry. Notably, President Obama was a top recipient of campaign monies despite being in the Senate for only three years.

The Establishment Republicans are not the good guys.

The entire system is corrupt.

.

22 posted on 08/15/2011 12:12:49 PM PDT by bobk333
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To: Red Badger; Kartographer; Chunga85

The answer is simple , FNM and FRE bought what they thought were notes at 100% ... The notes in the MBS’s were never properly transferred because there never were any notes ,, just a bookeeping entry assigning collection rights ... they have rights to the current receivables ONLY ... the notes are NOT secured by anything ... we paid a TRILLION dollars for NOTHING ... the fedgov knows that ALL the tier1 capital the TBTF banks have in the form of MBS related securities are worthless but they will protect them til it collapses from knowledge gained in discovery actions in individual lawsuits.


23 posted on 08/15/2011 6:15:23 PM PDT by Neidermeyer
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