Home | Daily Dose | Is the Government Being Secretive With Profit Sweep Documents?
Print This Post Print This Post

Is the Government Being Secretive With Profit Sweep Documents?

Money Steps BHSenator Chuck Grassley (R-Iowa) first suggested that the U.S. government seemed to be asserting executive privilege by withholding documents related to the sweeping of GSE profits into Treasury, the so-called “Net Worth Sweep,” in a letter to the U.S. Attorney General and the Treasury Secretary in April 2015.

Now the topic of whether or not the government is invoking executive privilege in the Net Worth Sweep is being revisited again, this time in a white paper by Saikrishna Bangalore Prakash, James Monroe Distinguished Professor of Law and Horace W. Goldsmith Research Professor at the University of Virginia School of Law.

The Net Worth Sweep, which has been going on since August 2012, has prompted several lawsuits from GSE shareholders, including one by Fairholme Funds in 2013 that is still pending. In April, federal Judge Margaret Sweeney ordered the unsealing of seven documents related to the Net Worth Sweep that seem to suggest that key government officials (namely the CFO at Fannie Mae at the time, Susan McFarland) knew that the GSEs were on the brink of major profitability in the summer of 2012 right before the bailout agreement was amended to include the Net Worth Sweep.

Prakash points out in his paper that Fairholme Funds, the investor-plaintiff in the case, sought discovery (a pre-trial request for documents and depositions directed to the opposing party) from the FHFA and Treasury in the lawsuit in order to establish that Fannie Mae and Freddie Mac were financially sound at the time the Net Worth Sweep was ordered. Prakash said the government had two responses to the request.

“Under federal law, the plaintiffs have a right to documents and testimony that help prove their taking case.”

Professor Saikrishna Bangalore Prakash

“First, the government asked the court to impose a protective order,” Prakash wrote. “Under such an order, only the plaintiffs’ lawyers, and no one else, would be able to read the materials. The government argued that making such documents publicly available would (a) destabilize financial and housing markets and the general economy and (b) impede the passage of new congressional legislation regarding Fannie and Freddie. In 2014, Judge Margaret Sweeney, of the U.S. Court of Claims, imposed a protective order.”

Prakash continued, “Whatever the government’s precise motives, the documents make clear that shareholders had a reasonable expectation of profits, a factor that favored their takings claim. Moreover, the statements of insiders also lent weight to the suspicion that FHFA was not really acting to conserve the assets and property of Fannie and Freddie. This motivation is highly relevant in other suits. Indeed, the Fairholme Funds plaintiffs had sought permission from Judge Sweeney to use the newly public documents in another suit.”

Prakash concluded that Sweeney should:

  • Insist that the government review the approximately 12,000 documents over which it has asserted executive privilege;
  • Rule that the agency head must be the one to assert privilege;
  • Declare that the documents related to the government’s intentions are relevant to the takings case;
  • Declare that documents generated after the Net Worth Sweep was ordered are not privileged, since they did not figure in the decision to sweep all GSE profits into Treasury

“Under federal law, the plaintiffs have a right to documents and testimony that help prove their taking case,” Prakash said. “The Court of Claims ought to vindicate that right. More broadly, the public has a right to understand why its government chose to sweep up the profits of Fannie and Freddie and whether the executive branch has been honest with the American people about its motivations.”

Click here to read the complete white paper by Prakash.

About Author: Brian Honea

Brian Honea
Brian Honea's writing and editing career spans nearly two decades across many forms of media. He served as sports editor for two suburban newspaper chains in the DFW area and has freelanced for such publications as the Yahoo! Contributor Network, Dallas Home Improvement magazine, and the Dallas Morning News. He has written four non-fiction sports books, the latest of which, The Life of Coach Chuck Curtis, was published by the TCU Press in December 2014. A lifelong Texan, Brian received his master's degree from Amberton University in Garland.


  1. Pingback: Is the Government Being Secretive With Profit Sweep Documents? - Appraisal Buzz

  2. Pingback: Is the Government Being Secretive With Profit Sweep Documents? - Brokers TitleBrokers Title

  3. Pingback: xmt85c4wx5ctwxw3tcerthve56

  4. Pingback: دانلود قسمت هشتم شهرزاد دوم

  5. Pingback: دانلود شهرزاد قسمت هشتم فصل دوم

  6. Pingback: دانلود شهرزاد قسمت نهم فصل دوم

  7. Pingback: دانلود قسمت 14عاشقانه

  8. Pingback: دانلود قسمت 17 عاشقانه

  9. Pingback: دانلود قسمت دوازدهم عاشقانه

  10. Pingback: دانلود قسمت 10 شهرزاد دوم

  11. Pingback: Anna Bell Peaks

  12. Pingback: Gina Gerson

  13. Pingback: Nikki Stills

  14. Pingback: Brittney White

  15. Pingback: Cherry Hilson

  16. Pingback: hamptonbaycelingfanblog

  17. Pingback: Paleo Diet

  18. Pingback: lesbian porn

  19. Pingback: online series

  20. Pingback: Medical

  21. Pingback: دانلود قسمت 12 عاشقانه

  22. Pingback: پنجره

  23. Pingback: سریال عاشقانه

  24. Pingback: t-shirts med hunde motiver

  25. Pingback: Loyola College for Sale by CollegeDunia

  26. Pingback: دانلود قسمت 11 شهرزاد 2

  27. Pingback: دانلود ققسمت 12 عاشقانه

  28. Pingback: دانلود قسمت پنجم شهرزاد دوم

  29. Pingback: دانلود قسمت سوم شهرزاد دوم

  30. Pingback: دانلود قسمت 13 عاشقانه

  31. Pingback: دانلود قسمت اول شهرزاد دوم

  32. Pingback: bypass windows 7 administrator password

  33. Pingback: buy nba jerseys cheap

  34. Pingback: Lothrop

  35. Pingback: No NEET required

  36. Pingback: porno

  37. Pingback: porno gratis

  38. Pingback: porno

  39. Pingback: porno gratis

  40. Pingback: videos porno

  41. Pingback: horoscope love compatibility test by birthday

  42. Pingback: دانلود قسمت هفدهم عاشقانه

  43. Pingback: دانلود سریال عاشقانه

  44. Pingback: قیمت پنجره دوجداره

  45. Pingback: پنجره ضد سرقت ایرانی ترک المانی

  46. Pingback: Acne Facial Treatments Oakland Park

  47. Pingback: Acne Facial Treatments Davie

  48. Pingback: Facial Spa Services North Lauderdale

  49. Pingback: فروش توری

  50. Pingback: پنجره

  51. Pingback: groin brace support

  52. Pingback: casino games vegas

  53. Pingback: whore

  54. Pingback: website comparing hotel prices

  55. Pingback: Roof Repair Long Island

  56. Pingback: Psp gaming console

  57. Pingback: buy zynga chips

  58. Pingback: see website

  59. Pingback: jake burgess east berlin ct

  60. Pingback: cheats clash royale

  61. Pingback: دانلود قسمت هفتم شهرزاد

  62. Pingback: thong

  63. Pingback: پنجره

  64. Pingback: پنجره دوجداره

  65. Pingback: Poker Indonesia

  66. Pingback: magazin pescuit

  67. Pingback: coin-banks review

  68. Pingback:

  69. Pingback: coin-banks

  70. Pingback: Porn World

  71. Pingback: bitcoin investment coin-banks

  72. Pingback: mdansby software

  73. Pingback: vigra master pre�o

  74. Pingback: دانلود قسمت هشتم شهرزاد

  75. Pingback: anime

  76. Pingback: ping g30 driver for sale

  77. Pingback: vpm

  78. Pingback: کول دانلول

  79. Pingback: clash royale gems app

  80. Pingback: دانلود شهرزاد قسمت 15

  81. Pingback: دانلود شهرزاد 13

  82. Pingback: پنجره

  83. Pingback:

  84. Pingback: Roofing Contractors Long Island

  85. Pingback: Sha

  86. Pingback: over here

  87. Pingback: دانلود سریال شهرزاد قسمت 16

  88. Pingback: دانلود شهرزاد قسمت 16

  89. Pingback: دانلود سریال عالجناب اول

  90. Pingback: دانلود فیلم

  91. Pingback: loose weight

  92. Pingback: 食品

  93. Pingback: game

  94. Pingback: political polls

  95. Pingback: click here

  96. Pingback: شرکت تولیدی پنجره دوجداره ایرانی

  97. Pingback: پنجره دوجداره ویستایست

  98. Pingback: آموزش پنجره دوجداره

  99. Pingback: پنجره ضد سرقت

  100. Pingback: قیمت پنجره دوجداره در ایران

  101. Pingback: Upholstery Cleaning Killeen TX

  102. Pingback: titleist ap1 irons australia

  103. Pingback: latest tech updates

  104. Pingback: site internet � visiter

  105. Pingback: دانلود فیلم

  106. Pingback: دانلود فیلم های روز

  107. Pingback: دانلود فیلم

  108. Pingback: دانلود فیلم

  109. Pingback: how to buy bitcoin

  110. Pingback: upvc

  111. Pingback: Double chambered

  112. Pingback: авто-ключар

  113. Pingback: پنجره دوجداره

  114. Pingback: قیمت پنجره دوجداره

  115. Pingback: پنجره ضد سرقت

  116. Pingback: پنجره دوجداره

  117. Pingback: پنجره دوجداره

  118. Pingback: پنجره

  119. Pingback: مشاوره بازاریابی آنلاین

  120. Pingback: SEO London

  121. Pingback: instagram porn

  122. Pingback:

  123. Pingback: garden bridges los angeles

  124. Pingback:

  125. Pingback: Our Limousine service Vancouver BC office

  126. Pingback:

  127. Pingback:

  128. Pingback: ed sheeran photograph

  129. Pingback: Smartphones

  130. Pingback: window

  131. Pingback: window price

  132. Pingback: download best

  133. Pingback: دانلود

  134. Pingback: فیلم اکسیدان

  135. Pingback: Yakima Web Design

  136. Pingback: instagramda sex izle

  137. Pingback: check out here

  138. Pingback: پنجره دوجداره

  139. Pingback: پنجره

  140. Pingback: پنجره

  141. Pingback: پنجره دوجداره

  142. Pingback: Web Design

  143. Pingback: Rachele

  144. Pingback: how to vlog

  145. Pingback: bitcoin

  146. Pingback: Learn colors

  147. Pingback: gay porn

  148. Pingback:

  149. Pingback: chef serving

  150. Pingback: upvc window

  151. Pingback: download movie

  152. Pingback: download movie

  153. Pingback: دانلود

  154. Pingback: garden bridges San Jose

  155. Pingback: پنجره دوجداره

  156. Pingback: garden bridges Chicago

  157. Pingback: Bad Credit Remortgages

  158. Pingback: real estate theme wordpress premium

  159. Pingback: Nathan

  160. Pingback: read now

  161. Pingback: watch movies online

  162. Pingback: Togel Online

  163. Pingback: Easiest Way To Make Money - $326 a Day Online Without a Website

  164. Pingback: buy hacklinks

  165. Pingback: heavy hitters vape pen

  166. Pingback: learn colors for toddlers

  167. Pingback: free test banks

  168. Pingback: Judi Togel

  169. Pingback:

  170. Pingback:

  171. Pingback: buy cheap hacklinks

  172. Pingback: freight forwarder

  173. Pingback: wilson sport socks

  174. Pingback: US stamps

  175. Pingback: Going Here

  176. Pingback: پنجره دوجداره

  177. Pingback: پنجره

  178. Pingback: دانلود فیلم رایگان

  179. Pingback: headhunting

  180. Pingback: Infant car seat canopy

  181. Pingback: Nursing scarf

  182. Pingback: Infant car seat cover

  183. Pingback: Baby breastfeeding cover

  184. Pingback: Canada Goose Jakke goedkoop

  185. Pingback: Our Limousine service Vancouver BC office

  186. Pingback: real caller apk

  187. Pingback: free porn apps

  188. Pingback: SkinAlley

  189. Pingback: human trafficking

  190. Pingback: Agen Bola Selalu Terpercaya

  191. Pingback: Schl�sseldienst

  192. Pingback: Judi Bola Online Terbaru

  193. Pingback: dealfeed

  194. Pingback: maximainvestments

  195. Pingback: game hack

  196. Pingback: Continue

  197. Pingback: porno videos

  198. Pingback: lolinorgocd morewq

  199. Pingback: pirater un compte facebook

  200. Pingback: link

  201. Pingback: theo walcott injury

  202. Pingback: spaghetti pasta

  203. Pingback: Oddsmonkey

  204. Pingback: Oddsmonkey

  205. Pingback: Oddsmonkey

  206. Pingback: Oddsmonkey

  207. Pingback: Oddsmonkey

  208. Pingback: Oddsmonkey

  209. Pingback: Oddsmonkey

  210. Pingback: Oddsmonkey

  211. Pingback: Oddsmonkey

  212. Pingback: kitchen funnel

  213. Pingback:

  214. Pingback:

  215. Pingback: دانلود فیلم نهنگ عنبر 2

  216. Pingback: today bitcoin rate

  217. Pingback: Jueza juzgado 47

  218. Pingback: smart glass

  219. Pingback: war dragons cheats iphone no survey

  220. Pingback: mobile phone accessories

  221. Pingback: Santos

  222. Pingback: duvporn

  223. Pingback: click this

  224. Pingback: news

  225. Pingback: Cottelli Garter Mini Dress with Black Lace Overlay and Underwired Cups

  226. Pingback:

  227. Pingback:

  228. Pingback: Arvind Pandit

  229. Pingback: datacentre equipment disposal

  230. Pingback: it recycling

  231. Pingback: buy cialis online

  232. Pingback: pornwik

  233. Pingback: Los Angeles Seo

  234. Pingback: Corporate IT Disposal wokingham

  235. Pingback: Arabic songs

  236. Pingback: More Tips

  237. Pingback: pay for my essay

  238. Pingback: bigg boss 11

  239. Pingback: pornmd videos

  240. Pingback: how to make my tits bigger

  241. Pingback: URL

  242. Pingback: Taza Anetep Fıstığı

  243. Pingback: programas de ventas gratis

  244. Pingback: wedding gifts

  245. Pingback: momschips

  246. Pingback: buy google hacklink

  247. Pingback: buy hacklink

  248. Pingback: free google blackhat methods

  249. Pingback: iphone 6 case

  250. Pingback: progressive auto quote

  251. Pingback: best casinos online

  252. Pingback: deals

  253. Pingback: types of tea

  254. Pingback: Dj constanta

  255. Pingback: michael kors outlet

  256. Pingback: pet boxes

  257. Pingback: best free porn

  258. Pingback:

  259. Pingback: Holiness

  260. Pingback: anthony morrison

  261. Pingback: mouse click the following internet site

  262. Pingback: al

  263. Pingback: anthony morrison

  264. Pingback: personal injury lawyer

  265. Pingback: best porn

  266. Pingback: wholesale iphone cases

  267. Pingback: laundry clips stainless

  268. Pingback: best porn site

  269. Pingback: beta

  270. Pingback: codes

  271. Pingback: safe porn sites

  272. Pingback: best porn

  273. Pingback: porno

  274. Pingback: varmepumper

  275. Pingback: instagram porn

  276. Pingback: Live Video Chat With Santa Claus

  277. Pingback: adres skien winterberg

  278. Pingback: crypto currency

  279. Pingback: white nike sneakers for men

  280. Pingback:

  281. Pingback: get bigger breast

  282. Pingback:

  283. Pingback:

  284. Pingback: homemade porn sites

  285. Pingback: the last of us pc 3

  286. Pingback:

  287. Pingback: shemale porn

  288. Pingback: پنجره یو پی وی سی

  289. Pingback: best porn site

  290. Pingback: hd porn sites

  291. Pingback: best porn site

  292. Pingback: Jogos Kizi

  293. Pingback:

  294. Pingback:

  295. Pingback: dhgate-china shop

  296. Pingback: Concealed Carry Permit

  297. Pingback: FUCK YOU PRETTY BOY

  298. Pingback: wedding dress

  299. Pingback: walmartone

  300. Pingback: navigate to this website

  301. Pingback: pop over to these guys

  302. Pingback: try this website

  303. Pingback: their explanation

  304. Pingback: look at this web-site

  305. Pingback: fake gucci shoes

  306. Pingback: excel tutorial

  307. Pingback: excel guide

  308. Pingback: excel tutorial

  309. Pingback: skin whitening

  310. Pingback: budget dedicated servers

  311. Pingback: آینه بغل

  312. Pingback:

  313. Pingback: buy viagra online

  314. Pingback: Awesome Chrome Extensions 2018

  315. Pingback: youtube-china shop

  316. Pingback: ร้านทำผม

  317. Pingback: Hoodies

  318. Pingback: lawyer

  319. Pingback: matthew pillmore

  320. Pingback:

  321. Pingback: white label casino

  322. Pingback: A Cheap homeowners insurance

  323. Pingback: jake burgess

  324. Pingback: geico life insurance

  325. Pingback: Fake Oakleys

  326. Pingback: Recommended Site

  327. Pingback: file chapter 7 chapter 7

  328. Pingback: big farm mobile harvest hack

  329. Pingback: Flowers Singapore

  330. Pingback: licensed moneylender

  331. Pingback: licensed moneylender

  332. Pingback: cbd vape oil benefits

  333. Pingback: cannabis oil uk

  334. Pingback: כיפות בלוד

  335. Pingback: cannabis oil tablets

  336. Pingback: תשמישי קשודה בלוד

  337. Pingback: בדית תפילין בלוד

  338. Pingback:

  339. Pingback: coupon code

  340. Pingback: brazzersmobile

  341. Pingback: homeowners insurance

  342. Pingback: compare auto insurance by zip code

  343. Pingback: jake burgess

  344. Pingback: pewność siebie

  345. Pingback: rental insurance

  346. Pingback: progressive auto login

  347. Pingback: hartford auto insurance company

  348. Pingback: Read This

  349. Pingback:

  350. Pingback: شهرزاد 3

  351. Pingback: Ray Ban Outlet Sale

  352. Pingback:

  353. Pingback: Recycle tech

  354. Pingback: glutathione

  355. Pingback: Pop Beats

  356. Pingback: スーパーコピーブランド

  357. Pingback: Bitcoin

  358. Pingback: learn more

  359. Pingback: Buy Viagra Online

  360. Pingback: confiável

Leave a Reply

Scroll To Top