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Galileo Galilei
10-13-2010, 03:51 PM
Court Denies Access to Fannie/Freddie Political Records

Judicial Watch recently suffered a temporary setback in its pursuit of records related to Fannie Mae and Freddie Mac’s political contributions. On September 30, 2010, the U.S. District Court for the District of Columbia ruled, in effect, that the Obama administration... may keep the records of these two government-controlled enterprises secret.

This [ruling] shows that the Obama Administration’s commitment to transparency is a big lie. It is incredible that taxpayers are on the line for at least $400 billion, yet cannot access one document from these agencies under the Freedom of Information Act (FOIA).

Fannie and Freddie used political contributions to protect themselves as they set up the housing market for collapse. Now, as a result, taxpayers are on the hook to Fannie and Freddie for at least $400 billion — and $5 trillion in mortgage liabilities. The Obama administration has taken over the mortgage market through Fannie and Freddie. And not one document from these two monstrosities is subject to disclosure under our open records law? No wonder the Tea Parties are growing. The Obama administration is out of control and argues to courts for radical secrecy and lack of accountability.

MORE:

http://biggovernment.com/tfitton/2010/10/13/court-denies-access-to-fanniefreddie-political-records/#more-180913

This is a load of BS.

sluggo
10-13-2010, 03:58 PM
I guess Barney Frank's love letters to Herb Moses will remain under lock and key.

speciallyblend
10-13-2010, 04:37 PM
wonders which judges got new vacation homes or savings accounts!!