Fannie Mae (FNMA)

[rekcusdo]

“Thank you very much for your well thought out response.”

My pleasure! Was one of the more fun responses Ive put together. Haven’t been many legal issues to discuss here lately:(

“Seems quite a big constitutional loophole with standing.”

I wouldn’t go as far as to call it a “loophole”. What I would say is that separation of powers exists so that no branch can attain enough power to mute the strength of the other two branches. If, however, one branch ALLOWS their powers to be usurped, then it could be argued that separation of powers is satisfied. It is then up to the American people to replace those representatives allowing their powers to be usurped...if they disagree with the representatives actions.

When it comes to FINRA, I doubt it will cause an American uproar any time soon.

“But we pledge allegiance to the “Republic” not to the “Democracy”.”

Please elaborate the difference as you see it.

The way I interpret the difference, In a true democracy, all decisions would be decided thru vote. That isn’t how the United States operates.

“Some people believe the rise of the regulatory state was put in place to protect the special interests and corporations from the people not the other way around. They may be correct in some circumstances. Finance is probably one of them.”

I’m not sure I agree with this...though it would make for an interesting debate :)