Obama’s Transparency? Not When it Comes to Freddie Mac
Freddie Mac records exempt from FOIA
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.
What was that about transparency Obama?
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Comment from Paralegal
Time May 3, 2010 at 2:09 pm
Nice. You have a couple of good points. At the end of the day the police do a good job. The problem with law is that it sometimes doesn’t work to the advantage of the victim. It is a system failure and needs to be revised.