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Home » Store » GSEs » More Documents Release Help Solidify GSE Investor Lawsuits

More Documents Release Help Solidify GSE Investor Lawsuits

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An issue over whether the government had the right to use executive privilege to keep thousands of documents from disclosure is the centerpiece of GSE lawsuits by investors.Fifty-three documents were made public last week and helps solidify their argument that there was no need to bail out Fannie Mae and Freddie because they had more than enough capital to weather the financial crisis. The Treasury Department provided the documents to plaintiffs last week as part of a court case in Kentucky and some are calling the release a game-changer in terms of the anticipation of more documents being released. One of those high-ranking officials is Jim Parrott, former White House housing finance executive and now a fellow at the Urban Institute.
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