"The group of which I am president has discovered new documents that prove government negligence in the Fannie Mae and Freddie Mac collapse was longer and more prevalent than we had imagined. Judicial Watch, the public interest group that investigates and prosecutes government corruption, has uncovered new documents that show that members of Congress for years were aware that Fannie Mae and Freddie Mac were playing fast and loose with accounting issues, risk assessment issues, and executive compensation issues, even while leftists in Congress continued to block attempts to regulate the two Government Sponsored Enterprises (GSEs).
Judicial Watch obtained the documents from the Federal Housing Finance Agency (FHFA) in response to a Freedom of Information Act (FOIA) request dated December 4, 2008. Judicial Watch requested records related to members of Congress activity regarding the policy of Fannie Mae and Freddie Mac to increase lending to individuals with poor credit risk, as well as correspondence and records about contacts between FHFA and Fannie and Freddie."
http://www.frontpagemag.com/Articles/Read.aspx?GUID=569C5314-23DE-4962-91C2-509031957520
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