Fannie Mae And Fairholme: Why Is There A Gag Order?

Fannie Mae And Fairholme: Why Is There A Gag Order?
By User:AgnosticPreachersKid (Own work) [CC BY-SA 3.0], via Wikimedia Commons

Fannie Mae (OTCB:FNMA), Freddie Mac (OTCB:FMCC) And Fairholme via see here for background.

“Defendant’s proposed definition of “Protected Information,” on the other hand, finds no support in the Court’s rules or applicable law, and is so broad that it undoubtedly would, by its
plain terms, cover virtually all information produced in discovery in this case.” (

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“My Administration is committed to creating an unprecedented level of openness in Government. We will work together to ensure the public trust and establish a system of transparency, public participation, and collaboration. Openness will strengthen our democracy and promote efficiency and effectiveness in Government.” (

In The JOINT STATUS REPORT REGARDING PROPOSED PROTECTIVE ORDER filed in the Fairholme lawsuit on Friday the government once again continues it chilling assault on American liberty and perverse attempts to make a mockery of our justice system. For someone who claims they have done nothing wrong they sure are going to extraordinary lengths to not only hide a ton of documents, but also to ensure that the documents they are willing to release never see the light of day. Essentially the government not only wants to severely limit what they have to release but now classify the little they do release as protected information. Even information that could be freely obtained through Freedom of Information requests. When I look at the two quotes at the top of the page, I have to wonder how Obama could possibly reconcile the openness they proclaim on their website with how their attorneys are handling this case?

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Fannie Mae and Freddie Mac conservatorship

Just as they are attempting to trample the rule of law in regards to our conservatorship they now are trying to trample the rule of law in regards to discovery, its almost as if the government attorneys are living in some fantasy land where they rule of law no longer applies.

Needless to say as she has done time and time again in this case I am sure Judge Sweeney will remind the governments lawyers that this case is being tried in the United States, not the USSR, and she will once again rule in our favor. The good news is that the governments stall and delay tactics have just about run out of gas, and soon they will be forced to start turning over reams of documents.

Rupert Murdoch and Fannie Mae, Freddie Mac

In yet another perverse irony in the Struggle we see Rupert Murdoch’s Wall Street Journal championing Ed Demarco in their ” Man who took on Fannie Mae” Opinion piece. Ed Demarco was head of the FHFA when most of the government scheme was conducted. Shocking though not surprising that they would run this piece so soon after their opinion by William Issac,”Playing Semantic Games With Fannie and Freddie Investors.” The reality is that since it was published the William Issac piece was nowhere to be found on their website, the only way it could be found was by literally searching for it. The Demarco piece, on the other hand, has received top billing assuring that it reaches a wide audience all across the web.They do this to give a false impression of objectivity when in reality Rupert Murdoch and his papers are no friends of ours. He has allowed the once respected Wall Street journal to become a mouthpiece for those in DC that if allowed will enact this soviet style profit grab by the United States government, how ironic. As I warned before on 5/11/14 in the “perspectives” post, “Keep in mind that most of the big names in financial journalism are quite conservative(Wall Street Journal, Barrons, Forbes, Bloomberg).

Conservatives have always hated Fannie Mae and Freddie Mac” Basically you can interchange any of those papers names with “republican” in the “Motive” post on July 10th, and it will explain this further.

I am preparing a Coup update post and should have it up tonight or Monday; things are progressing quite well in that department. Keep the Faith!

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