bobbyw24
03-11-2010, 06:04 AM
An activist group who says its purpose is to investigate and prosecute government corruption has instigated a federal court battle to get its hands on documents detailing the political contributions made by mortgage giants Fannie Mae and Freddie Mac.
Judicial Watch describes itself as a conservative, non-partisan public interest group and educational foundation that promotes transparency and accountability to ensure political and judicial officials don’t abuse their powers. And the organization made it clear in a public statement issued Tuesday that it suspects something fishy related to funding provided by the GSEs’ to support some of the nation’s highest-ranking officials’ rise to office.
Earlier this week, the watchdog group filed a new motion with the U.S. District Court for the District of Columbia in a Freedom of Information Act (FOIA) lawsuit against the GSEs’ regulator, the Federal Housing Finance Agency, that it says will force the Obama administration to release records of Fannie and Freddie’s financial contributions to political campaigns.
According to Judicial Watch’s statement, the FHFA says the GSEs’ might possess documents responsive to the organization’s initial FOIA request, but the regulator claims it is not obligated to release such documents to the public because they are considered private corporate records.
Continue
http://www.dsnews.com/articles/gses-in-hot-seat-over-political-campaign-contributions-2010-03-10
Judicial Watch describes itself as a conservative, non-partisan public interest group and educational foundation that promotes transparency and accountability to ensure political and judicial officials don’t abuse their powers. And the organization made it clear in a public statement issued Tuesday that it suspects something fishy related to funding provided by the GSEs’ to support some of the nation’s highest-ranking officials’ rise to office.
Earlier this week, the watchdog group filed a new motion with the U.S. District Court for the District of Columbia in a Freedom of Information Act (FOIA) lawsuit against the GSEs’ regulator, the Federal Housing Finance Agency, that it says will force the Obama administration to release records of Fannie and Freddie’s financial contributions to political campaigns.
According to Judicial Watch’s statement, the FHFA says the GSEs’ might possess documents responsive to the organization’s initial FOIA request, but the regulator claims it is not obligated to release such documents to the public because they are considered private corporate records.
Continue
http://www.dsnews.com/articles/gses-in-hot-seat-over-political-campaign-contributions-2010-03-10