Tuesday, April 19, 2016

Why Is the Obama Administration Trying to Keep 11,000 Documents Sealed?

Why Is the Obama Administration Trying to Keep 11,000 Documents Sealed?

Read more: http://www.rollingstone.com/politics/news/why-is-the-obama-administration-trying-to-keep-11-000-documents-sealed-20160418#ixzz46JMIgUtV

The "most transparent administration in history" has spent years trying to hide embarrassing financial secrets from the public.

It got weirder. Despite the fact that the GSEs went on to pay the government $228 billion over the next three years, or $40 billion more than they owed, none of that money went to paying off Fannie and Freddie's debt. When Sen. Chuck Grassley asked aloud how it was that the company and its shareholders were not yet square with the government, the Treasury Department testily answered, in essence, that the bailout had not been a loan, but an investment.
This was not a debt that could be paid back. Like a restaurant owner who borrows money from a mobster, the GSEs found themselves in an unseverable relationship.

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