The “most transparent administration in history” has spent years trying to hide embarrassing financial secrets from the public
It’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.