Since 2008, Judicial Watch has actively pursued documents regarding the unprecedented explosion in the size and reach of the government through its use of $24 trillion for "TARP" (Troubled Asset Relief Program) bailouts, "bank rescues" and the Obama administration's economic "stimulus" plan. The $200 billion taxpayer bailout of Fannie Mae and Freddie Mac is arguably the biggest government corruption scandal in our history.
Judicial Watch's efforts have revealed documents showing Congress' awareness of the poor business practices of Fannie and Freddie at the same time as key members of Congress continued to block attempts to regulate the two Government Sponsored Enterprises (GSEs). A Freedom of Information Act (FOIA) lawsuit that we filed against the Department of the Treasury resulted in documents that revealed details of how the government coerced the CEOs of several major banks to accept TARP funds.
In 2009, Judicial Watch put together a Financial Crisis Comparison Chart to put into perspective the magnitude of bailout spending.
Judicial Watch is continuing to investigate the government corruption that contributed to the financial crisis as well as the corruption behind the TARP, Fannie Mae and Freddie Mac, the nationalization of General Motors and the increase of government power over our economy. We have at least 36 FOIA requests and several FOIA lawsuits pending.
Litigation
- McKinley v. Federal Housing Finance Agency (No. 10-1165) - documents regarding the decision to place Fannie Mae and Freddie Mac into "conservatorship"
- McKinley v. Federal Reserve (No. 10-751) - records regarding AIG and Lehman Brothers bailouts
- McKinley v. FDIC (No. 10-420) - records regarding FDIC bailout of Citigroup and Bank of America
- Judicial Watch v. Department of the Treasury (No. 10-302) - AIG TARP documents
- Judicial Watch v. Federal Reserve (No. 09-2138) - visitor logs for meetings with Ben Bernanke and Kevin Warsh
- Judicial Watch v. U.S. Department of the Treasury (No. 09-2132) - Sept. 18, 2008 bailout briefing held by Ben Bernanke and Henry Paulson
- Judicial Watch v. U.S. Federal Housing Finance Agency (No. 09-1537) - FOIA lawsuit to obtain documents regarding Fannie Mae and Freddie Mac's political campaign contributions and policies about such contributions.
- Judicial Watch v. U.S. Department of the Treasury (No. 09-1508) - FOIA lawsuit to obtain documents regarding the TARP evaluation procedures and correspondence between Rep. Barney Frank and the Treasury regarding OneUnited Bank
- Judicial Watch v. U.S. Department of the Treasury (No. 09-1427) - FOIA lawsuit to obtain documents regarding the bailout of Fannie Mae and Freddie Mac
- McKinley v. FDIC and Federal Reserve (No. 09-1263) - records regarding FDIC approval of Wachovia takeover and Federal Reserve approval of Bear Stearns bailout
- Judicial Watch v. U.S. Department of the Treasury - Freedom of Information Act (FOIA) lawsuit to obtain documents regarding the October, 2008 meeting between the Treasury and CEOs of major banks
Documents Uncovered
- Treasury Bear Stearns Documents - Part 1
- Treasury Bear Stearns Documents - Part 2
- Treasury Department AIG documents
- Bank Bailout Documents
- Bear Stearns emails
- Federal Reserve: September 18 Meeting
- Fannie-Freddie Documents 1
- Fannie-Freddie Documents 2
- FHFA Fannie-Freddie Documents
- Documents regarding a specific case
- Documents from Feb 2003 - Dec 2003
- Documents from Mar 2004 - Dec 2004
- Documents from Feb 2005 - Apr 2005
- Documents from April 6, 2005 Congressional meeting
- Documents from Mar 2006 - Dec 2006
- Documents from Feb 2007 - Mar 2007
- Documents from Mar 2007 - Apr 2007
- Documents from Apr 2007 - Nov 2007
- Documents from Nov 2007 - Dec 2007
- Documents from Mar 2008 - Oct 2008
- Documents from Oct 2008 - Dec 2008
- Kenneth Feinberg, AIG Chairman Robert Benmosche and NY Federal Reserve Bank President William Dudley meeting documents from the Department of the Treasury - obtained June, 2010
Educational Videos & Pages
- Fox Business News' "The Willis Report" with Chris Farrell discussing Fannie Mae & Freddie Mac and FOIA - August 16, 2010
- Committee on Oversight and Government Reform Staff Report: The Role of Affordable Housing Policy in Creating the Global Financial Crisis of 2008 - July 7, 2009
- Financial Crisis Program Comparison
- The Truth Behind the Financial Crisis: Watch (Quicktime) or read the transcript - October 23, 2008
Press Releases
- FDIC Documents Indicate Treasury May Have Improperly Pressured Independent FDIC to Accept Bailout Deal - September 17, 2010
- New Waters/Frank Scandal Documents Uncovered by JW: OneUnited Bank Received “Less than Satisfactory” Assessment Prior to Bailout - September 15, 2010
- Judicial Watch Files Lawsuit against Federal Housing Finance Agency over Key Fannie Mae and Freddie Mac Documents - July 12, 2010
- Judicial Watch Files Lawsuit against Federal Reserve to Obtain AIG and Lehman Brothers Bailout Documents - May 20, 2010
- Judicial Watch Asks Court to Force Release of Documents on Bailout of The Bear Stearns Companies, Inc. - March 25, 2010
- Judicial Watch Sues Treasury Department for Documents Detailing Meetings between Obama's "Pay Czar" Kenneth Feinberg and AIG - March 2, 2010
- JW Files Two New FOIA Lawsuits against Treasury and Federal Reserve for Documents on Taxpayer Bailouts - November 18, 2009
- JW Uncovers Documents from Treasury Related to Government-Brokered Acquisition of Bear Stearns by JP Morgan - September 17, 2009
- JW Files Landmark Lawsuit to Obtain Documents Regarding Fannie Mae and Freddie Mac Political Contributions- August 19, 2009
- JW Sues Treasury for Records on TARP Funds Distributed to Boston Bank after Intervention by Rep. Barney Frank - August 13, 2009
- Judicial Watch Uncovers Documents from Treasury Department Related to AIG Bailout - August 12, 2009
- JW Sues Treasury Department to Obtain Documents on Bailout of Fannie Mae and Freddie Mac - August 5, 2009
- Judicial Watch Forces Release of Bank Bailout Documents - May 13, 2009
- New Documents Uncovered by Judicial Watch Show Congress Ignored Corruption at Fannie Mae and Freddie Mac for Years - April 2, 2009
Weekly Updates
- Treasury Documents Uncovered by Judicial Watch Reveal Details of AIG Bailout - August 14, 2009
- JW Sues Treasury Department to Obtain Documents on Bailout of Fannie Mae and Freddie Mac - August 7, 2009
- Banks Forced into "Bailout" - May 15, 2009
- What Happens When Politicians Try to Run the Economy? - March 20, 2009
- Federal Government Meddles in Corporate Takeover - February 27, 2009
- Financial Bailout Spirals Out of Control - December 5, 2008
- Judicial Watch to Use Open Records Process to Probe Fannie and Freddie - October 3, 2008
- The Truth Behind the Financial Crisis - September 26, 2008
Blog Entries
- The Fight for Bailout Transparency - Investigations & Research Blog - August 5, 2009
- Rich Actor Wants Stimulus Money - Corruption Chronicles - July 24, 2009
- Millions Wasted on No-Bid Contracts - Corruption Chronicles - July 17, 2009
- Government Spends $700,000 on Lavish Retreats - Corruption Chronicles - July 15, 2009
- The New Economy - Investigations & Research Blog - June 26, 2009
- Obama Blocks Another IG Probe - Corruption Chronicles - June 19, 2009
- Fraud, Abuse In Govt. Bailout Program - Corruption Chronicles - April 23, 2009
- Wall Street's Big Bucks Influence Congress - September 23, 2008
- Gov't Won't Tell Who Got $2 Trillion Tax Dollars - Corruption Chronicles - November 10, 2008
- Bailed Out Banks Gave Clinton Millions - November 25, 2008
- Sen. Dodd's Wife Was AIG Director - Corruption Chronicles - March 24, 2009
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