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New Evidence: Congress Ignored Corruption at Fannie Mae and Freddie Mac for Years

April 4, 2009
Tom Fitton, Judicial Watch
4/4/2009

New Documents Uncovered by Judicial Watch Show Congress Ignored Corruption at Fannie Mae and Freddie Mac for Years

Barney Frank and his liberal allies in Congress have more explaining to do.

According to new documents we uncovered this week, members of Congress for years were aware that Fannie Mae and Freddie Mac were playing fast and loose with accounting issues, risk assessment issues and executive compensation issues even while liberals in Congress (led by Frank) continued to block attempts to regulate the two Government Sponsored Enterprises (GSEs).

We obtained these documents from the Federal Housing Finance Agency (FHFA) in response to a Freedom of Information Act (FOIA) request we submitted back on December 4, 2008. This is part of our comprehensive investigation of the government’s role in the financial crisis, but our particular concern in this case was the policy of Fannie Mae and Freddie Mac to increase lending to individuals with poor credit risk, as well as correspondence and records about contacts between FHFA and Fannie and Freddie.

The following are a few of the most important documents we found.

The story continues …..

3 Comments leave one →
  1. Harold permalink*
    April 5, 2009 8:09 am

    Linda,

    I’m not sure exactly who you are or what email address you are speaking of.
    I did a quick check of my email distribution list and could not find any listing under “Cameron”.
    If you are receiving the “News with Attitude” via email, you should check who it is from. I’m quite certain it is being forwarded to you by someone else, but NOT coming from me.
    Let me know if I can be of further assistance …..

    Harold

  2. April 4, 2009 4:55 pm

    how did you get my old e mail address

  3. April 4, 2009 4:55 pm

    how did you get my old e mail addreww

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