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Freddie Mac records exempt from FOIA (Obama Admin Denies FOIA Request)
Sunlight Foundation ^ | 03/26/2009 | Bill Allison

Posted on 03/27/2009 2:16:18 PM PDT by BuckeyeTexan

Bob Secter and Andrew Zajac of the Chicago Tribune report that, while researching what went at Freddie Mac during the period White House Chief of Staff Rahm Emanuel served on the government sponsored enterprise’s board of directors, they were unable to get minutes of board meetings and other information:

The Obama administration rejected a Tribune request under the Freedom of Information Act to review Freddie Mac board minutes and correspondence during Emanuel’s time as a director. The documents, obtained by Falcon for his investigation, were “commercial information” exempt from disclosure, according to a lawyer for the Federal Housing Finance Agency.

Freddie Mac executives cooked the books, mismanaged the firm, and ultimately drove it into the ground, costing taxpayers billions of dollars. The “commercial information” exemption is reserved for private companies–Freddie Mac is by no means a private company anymore.


TOPICS: Breaking News; Business/Economy; Crime/Corruption; Front Page News
KEYWORDS: corruption; davidkellerman; foia; freddie; freddiemac; obama; obamatransparency; rahm; raines; taxcheatparty
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To: Conservative_Rob
"A real Conservative movement has not appeared yet.

"A large coalition of members of Congress needs to step up and loudly shout “STOP!”. Governors and state representatives need to join in and yell “STOP!”. A new contract with the American people needs to be proposed, advocated, and fought for. I don’t see any of this happening right now. The large majority of politicians and pundits are afraid of the Democrat machine, so the ones that do speak out are said to be an unpatriotic minority."

I don't know if this may be an answer or not. I heard there are 250,000 members so far and Glenn is hoping for at least 1 million on 912. Where I live there will be a meeting on April 14th and I think I will go.

912 Project

81 posted on 03/28/2009 9:38:20 AM PDT by Spunky
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To: mo

Unless Sandy Burger get’s there first.


82 posted on 03/28/2009 10:04:06 AM PDT by annieokie
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To: Old Sarge

That’s a constitutional mistake.


83 posted on 03/28/2009 10:38:19 AM PDT by Lady Jag (WHERE'S MY BAILOUT!!!!!)
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To: pleikumud

Thank you. This is very helpful.


84 posted on 03/28/2009 12:03:39 PM PDT by Brad from Tennessee (")
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To: Conservative_Rob
I'm not saying it won't take time Rob but if you will notice the only reason Ozero goes on tv or answers any questions at all is to prop up his ever sinking numbers.

You can't legislate as much socialism/communism and destroy the country as fast as he has without a huge backlash of those of us who love the country finally standing up.

Once his numbers sink all the way down they lose, we win.

His support is 100 miles long but only an inch deep.

We are the true believers and right is on our side.

85 posted on 03/28/2009 1:49:10 PM PDT by rodguy911 (HOME OF THE FREE BECAUSE OF THE BRAVE--GO SARAHCUDA !!)
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To: pleikumud

Do you have some credible sourcing to back up what you state in your post?

It’s not that I don’t believe you or that I think what you’re saying isn’t believable - I’m pretty sure it’s just about dead on. However, I’d like a source I can use to send to a few moron coworkers (admitted socialists).

I figure since you made the statement so succinctly, you might have a source you could share.

TIA,

jurroppi1


86 posted on 03/28/2009 2:09:40 PM PDT by jurroppi1 (We need to reward the people that carry the water instead of the people that drink the water!)
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To: pleikumud; All
I encourage everyone to read the American Spectator article referenced by pleikumud in post #64.

It provides a solid counter argument to the liberal claim that only a small percentage of banks/mortgages were subject to the 1993 revisions in the Community Reinvestment Act (CRA).

Most liberals with whom I discuss the financial crisis point to that fact to refute the claim that government over-regulation caused the toxic sub-prime loans. They argue that it was primarily predatory lending practices that tricked low-income borrowers into buying homes that they couldn't afford. (Typical liberal victim mentality.)

Of course there were other factors that contributed to the meltdown, but this article will give you a good basis to refute that particular argument.

Thank you, pleikumud. Good find.

87 posted on 03/28/2009 2:32:00 PM PDT by BuckeyeTexan
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To: jurroppi1

To: Brad from Tennessee
http://spectator.org/archives/2009/02/06/the-true-origins-of-this-finan

Article titled The True Origins of This Financial Crisis in the Feb 2009 issue of The American Spectator

64 posted on March 28, 2009 7:31:39 AM EDT by pleikumud


88 posted on 03/28/2009 2:35:52 PM PDT by pleikumud
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To: Anti-Bubba182
Truth always destroys leftists!
They will self destruct since they tell so many lies! Pinocchio always catches up to them.
89 posted on 03/28/2009 4:44:42 PM PDT by rodguy911 (HOME OF THE FREE BECAUSE OF THE BRAVE--GO SARAHCUDA !!)
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To: BuckeyeTexan

Chump change for Rahm in the greater scheme of things:
http://www.nytimes.com/2008/12/04/us/politics/04emanuel.html

(snip)
“.....Mr. Emanuel, who was chosen last month to become President-elect Barack Obama’s White House chief of staff, went on to make more than $18 million in just two-and-a-half years, turning many of his contacts in his substantial political Rolodex into paying clients and directing his negotiating prowess and trademark intensity to mergers and acquisitions. He also benefited from the opportune sale of Wasserstein Perella to a German bank, helping him to an unusually large payout.
...”


18 million dollars in 2 1/2 years as an investment banker.


90 posted on 03/28/2009 4:56:45 PM PDT by Protect the Bill of Rights
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To: BuckeyeTexan
The most secretive Administration EVER. FAA: Keep bird-strike records closed

When are the cultists going to wake up and start demanding he live up to his campaign promises? NEVER. Dare not speak negatively about DEAR LEADER.
91 posted on 03/28/2009 5:06:42 PM PDT by Cheerio (Barack Hussein 0bama=The Complete Destruction of American Capitalism)
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To: BuckeyeTexan
Obama’s legacy as a “movement of hope,” and an “era of change.”

Or as will become more apparent, daily, “a movement of clueless hope,” and an “era of incompetent change.” Then as Rodguy said, All "will run away from his socialist agenda or not get re elected."

92 posted on 03/29/2009 6:38:03 AM PDT by CRBDeuce (here, while the internet is still free of the Fairness Doctrine)
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To: pleikumud
in 1992 Congress pushed Fannie Mae and Freddie Mac to increase purchases of mortgages going to low to moderate income people. In 1996 HUD gave Fannie and Freddie an explicit target: 42% of their mortgage financing had to go to borrowers with incomes below the median. This target was increased to 50% in 2000 and 52% in 2005. In 1996 HUD required that 12% of all mortgages purchased by Freddie and Fannie had to be “special affordable” loans, meaning loans to borrowers with income less than 60% of their area’s median. The 12% dictum was increased to 20% in 2000 and 22% in 2005.

...great stats...your own research thru those Acts of Congress, or HUD, or other? Clearly establishes 'fault'!

93 posted on 03/29/2009 6:43:12 AM PDT by CRBDeuce (here, while the internet is still free of the Fairness Doctrine)
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To: CRBDeuce

http://spectator.org/archives/2009/02/06/the-true-origins-of-this-finan

Article titled The True Origins of This Financial Crisis in the Feb 2009 issue of The American Spectator


94 posted on 03/29/2009 6:51:32 AM PDT by pleikumud
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To: tcrlaf

That’s a more factual ‘account’ than the financial accounts stated by Fannie & Freddie in Rahm’s era....doubt any of us would be surprised to learn that some of those ‘toxic mortgage assets’ were cardboard houses on vacant lots in inner cities! Money laundering at its ‘finest’!


95 posted on 03/29/2009 6:56:26 AM PDT by CRBDeuce (here, while the internet is still free of the Fairness Doctrine)
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To: pleikumud

...thanks...great site for the facts that the simpletons in Congress and their apologists in the media ‘can’t seem to find out for themselves’! not to mention the cult!


96 posted on 03/29/2009 7:01:53 AM PDT by CRBDeuce (here, while the internet is still free of the Fairness Doctrine)
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To: Conservative_Rob
By 2010 ACORN will be fully entrenched in every critical electoral location so that no one other than Democrats they support will ever be elected again.

You may be right for 2010 (3rd time's a charm)! But eventually, the USA will have a purple thumb election that counts 'live' heads. If we have any ammo left at all, the cult will learn that payback's a bi#ch.

97 posted on 03/29/2009 7:05:39 AM PDT by CRBDeuce (here, while the internet is still free of the Fairness Doctrine)
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To: MurrietaMadman
That old ratio of 15% of the people can change the direction of the other 85% will once more be tested.

Kinda worked for the Clintonistas that brought us the subprime mess to begin with (he couldn't have done it without Carter's CRA, of course).

98 posted on 03/29/2009 7:11:27 AM PDT by CRBDeuce (here, while the internet is still free of the Fairness Doctrine)
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To: BuckeyeTexan
http://www.google.com/search?q=%22Obama+Announces+Plan+to+Restore+Trust+in+Government+%22&
99 posted on 03/29/2009 7:54:33 AM PDT by an amused spectator (Obama: The Kenyan Anthony Fremont)
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To: BuckeyeTexan
Maybe Congress will pass a Bill of Attainder or an Ex Post Facto law forcing Rahm Emanuel to cough up this information.

**snicker**

100 posted on 03/29/2009 7:57:09 AM PDT by an amused spectator (Obama: The Kenyan Anthony Fremont)
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