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Coalition Demands Release Of Fannie Mae, Freddie Mac Treasury Documents

ValueWalk

A coalition of 17 conservative groups led by the Competitive Enterprise Institute have asked the House Financial Services Oversight & Investigations Subcommittee to demand that the U.S. Treasury Dept. disclose to Congress and the public all documents that pertain to the origins of Treasury’s controversial Third Amendment Sweep of Fannie Mae / Federal National Mortgage Assctn Fnni Me (OTCBB:FNMA) and Freddie Mac / Federal Home Loan Mortgage Corp (OTCBB:FMCC).

The letter to Chairman Patrick McHenry and Ranking Member Al Green reflects growing awareness of the secrecy with which the USG has responded to legal challenges to the seizure of private assets as part of the six-year conservatorship of Fannie Mae / Federal National Mortgage Assctn Fnni Me (OTCBB:FNMA) and Freddie Mac / Federal Home Loan Mortgage Corp (OTCBB:FMCC). Plaintiffs in several high profile lawsuits expect that discovery could reveal the provenance of the Third Amendment, which diverted all profits to the USG and left hundreds of thousands of zombified shareholders in its wake.

Read full article: Coalition Demands Release Of Fannie Mae, Freddie Mac Treasury Documents