President Barack Obama. (photo: Jacquelyn Martin/AP)
Matt Taibbi | Rolling Stone | Reader Supported News | April 20, 2016
The “most transparent administration in history” has spent years trying to hide embarrassing financial secrets from the public
t’s not quite the Panama papers, but one hell of a big pile of carefully guarded secrets may soon be made public.
For years now, the federal government has been quietly fighting to keep a lid on an 11,000-document cache of government communications relating to financial policy. The sheer breadth of the effort to keep this material secret may not have a precedent in modern presidential times.
“It’s the mother of all privilege logs,” explains one lawyer connected with the case.
The Obama administration invoked executive privilege, attorney-client and deliberative process over these documents and insisted that their release would negatively impact global financial markets. But in finally unsealing some of these materials last week, a federal judge named Margaret Sweeney said the government’s sole motivation was avoiding embarrassment.