Obama Exempt's Freddie Mac Records From FOIA


	Obama Exempt's Freddie Mac Records From FOIA

merrie

3-27-2009 11:44 PM

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tags:

freddie mac's minutes, obama exempt's records from foia

merrie says:

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.

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:

http://www.chicagotribune.com/news/politics/obama/chi-rahm-emanuel-profit-26-mar26,0,5682373.story?page=2

Freddie Mac is by no means a private company anymore

1 Comment |

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3-28-2009 4:23 PM

dl211

Some more of that 'transparency' Obama likes to speak of but never actually abide by.

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color:#e5e5e5;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/9c9cf1f8-97b1-4e0b-a012-f34bb5371449/67459086-6E64-4B71-8F4F-D3C589EE2A9A/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://realtime.sunlightprojects.org/2009/03/26/freddie-mac-records-exempt-from-foia/" href="http://realtime.sunlightprojects.org/2009/03/26/freddie-mac-records-exempt-from-foia/" style="font-size: 11px;">realtime.sunlightprojects.org</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://realtime.sunlightprojects.org/2009/03/26/freddie-mac-records-exempt-from-foia/"><P>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. </P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://realtime.sunlightprojects.org/2009/03/26/freddie-mac-records-exempt-from-foia/"><P>Sector and Zajac did get contemporaries of Emanuel to describe his participation on the company’s board:</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://realtime.sunlightprojects.org/2009/03/26/freddie-mac-records-exempt-from-foia/"><BLOCKQUOTE><P>One of Emanuel’s fellow directors at Freddie Mac was Neil Hartigan, the former Illinois attorney general. Hartigan said Emanuel’s primary contribution was explaining to others on the board how to play the levers of power.</p> <P>He was respected on the board for his understanding of “the dynamics of the legislative process and the executive branch at senior levels,” Hartigan recalled. “I wouldn’t say he was outspoken. What he was, was solid.”</P></BLOCKQUOTE></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://realtime.sunlightprojects.org/2009/03/26/freddie-mac-records-exempt-from-foia/"><P>Shouldn’t that information now be available to the taxpayers who are bailing out the company?</P></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/67459086-6E64-4B71-8F4F-D3C589EE2A9A/blog/" title="blog or email this clip"><img src="http://content8.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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