Replies to post #314246 on Fannie Mae-No Politics (FNMA)

[mikoli007]

Well this will probably be interpreted as bad.
We here of course know and understand that the only reason to hide documents is because "YOUR GUILTY"

[955]

[The defendants’] disregard for the public interest is sadly of a piece with the Government’s decision to make the depositions confidential in the first place. There is no reason that citizens should be denied the ability to effectively monitor this important lawsuit AS IT UNFOLDS.

- Fairholme Semi-Annual Report, 27 July 2015, page iii: http://www.fairholmefundsinc.com/Reports/FAIRX2015SemiAnnual.pdf

Short Takes: FHFA Wants GSE Documents Out of the Public?s View

IN CASE YOU MISSED IT:

Documents pertaining to the conservatorship of Fannie Mae and Freddie Mac, and the controversial change that strips the GSEs of net worth, will remain sealed, under a September court order in a lawsuit filed by private GSE shareholders.

Judge Margaret Sweeney?s recent ruling in Fairholme Funds v. The United States went in favor of the Federal Housing Finance Agency to keep the documents under ?protected information,? denying a motion by Fairholme to release the documents. Charles Cooper, attorney with Cooper & Kirk, the law firm representing the investors, told Inside MBS & ABS that Sweeney?s not ready to see the documents made public.

For more on the story, see Inside MBS & ABS.