Appeals Court Rules Fannie/Freddie Docs Can be Kept Secret

Big Government ^ | 8/15/11 | Tom Fitton

[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.)

[Nachum]

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[NoKoolAidforMe]

Most transparent administration ever.

[Spok]

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.

[Libloather]

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

[expatpat]

What do you expect of a DC appeals court?

[Mr. K]

WTF?????????

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

Is this subject to the FOIA?

[DJ MacWoW]

46 Days And FR Is Still Short Of Its Goal
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[pieceofthepuzzle]

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

[rawhide]

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.

[rockinqsranch]

“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.

[Elendur]

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

[Digger]

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.

[unixfox]

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.

[SUSSA]

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.

[American in Israel]

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.

[Red Badger]

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...................

[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.

[Cowboy Bob]

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.

[bobk333]

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.

.