Wednesday, October 01, 2014 12:00:38 AM
"Here, the plaintiffs' true gripe is with the language of a statute that enabled FHFA and, consequently, Treasury, to take unprecedented steps to salvage the largest players in the mortgage finance industry before their looming collapse triggered a systemic panic. Indeed, the plaintiffs' grievance is really with Congress itself. "
This is validating that the Treasury is making decisions for the GSEs. FHFA is the conservator and not the UST. This further validates the other trial in Sweeney's courtroom that the UST and FHFA were working and colluding together. Does it not?
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