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.)

[TribalPrincess2U]

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

[bobk333]

>>>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.

.

[Neidermeyer]

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.