Fannie Mae-No Politics (FNMA)

[bradford86]

nice day

[Guido2]

Have to disagree with you again. HERA is the law, but it doesn't supersede the US Constitution. Despite the unfavorably ruling by SCOTUS in Collins, one of the Justices made it clear that every American citizen has the right to sue the government.

[Guido2]

Never thought I'd disagree with you. HERA does authorize FHFA to put Fannie and Freddie in conservatorship.

It doesn't authorize FHFA to giveaway 79.99% of the corporations for a mere $75K.
It doesn't authorize it to have it's wards pay Treasury dividends during conservatorship.
It doesn't authorize it to send their equity to the Treasury.

GO KELLY!
GO BRYNDON!

GO FANNIE!
GO FREDDIE!

[Guido2]

imbellish got scooped today. He's generally the first to post new court decisions.

[RickNagra]

I would say the second reason. Price went up right at the open. Chevron ruling came out 1 hour later and price remained unchanged.

[Barron4664]

HERA was challenged and found to be unconstitutional. Remember the removal for cause issue? What is wrong with HERA? The law is fine. The problem of the permanent temporary Conservatorship has its roots in the Treasury Department’s terms and conditions of its purchase agreement. Those terms give control over if, when, and how the Conservatorship can end. I believe the only path for a legal solution to ending the Conservatorship is to bring lawsuits against the Treasury Department and FHFA-R for violating the Charter Act and maybe some other laws. HERA is a fine law. SPSPA is and always was the problem.

[Lite]

Is there a higher authority than can speed up his decision?

[jcromeenes]

Thoughts on today's upward movement?
* Chevron decision?
* Biden showing so poorly we are assuming Trump and implying he has the GSEs release?
* Something else? Or a combination?

[skeptic7]

Yep...it's those kooky MM's again and their wacky hijinks!

[skeptic7]

I'm open to any suggestion as to why he has yet to certify a unanimous jury verdict in nearly approaching it's one year anniversary other than he's running interference for the defendant.

[NeoSunTzu]

FHFA limited the size of the Freddie Mac program; additionally, Fannie could easily follow suit now - highly doubtful Freddie will catch Fannie in size.

[wingnutt01]

And many fewer Gratis positions. Not gonna be so-so many to disrupt their (accustomed lifestyle)
to the Curb!! Freeloading bureaucrats & privileged family members of the same.. Cut in 1/2 then 1/2 again!!

[Patswil]

PPS being held down artificially

[skeptic7]

Thank you. As good an explanation as any, but long term I don't think this has any effect on the long term plight of the GSE's.

[RickNagra]

FNMFO volume just picked up.

[Golfbum22]

instead of can Hera be challenged...

how about can Goldman s u c k s be challenged?

Paulson ex GS began the conservatorship

Demarco ex GS began the NWS and 100% theft under guess who "do not"? LOL

GS is 100% responsible for this whole mess-conservatorship, theft, and still going on today.

I also think GS is behind the MM's killing the stock price value ever since as well as monitoring this board and any press about the GSE's.

OK, I'm 1 and done today ( not sure why I was ever put down to 1 post a day, but today's post would be good reason with GS mods-LOL)

[stockanalyze]

can hera be challenged? how about word ‘may’ in hera that got fhfa a lot of wins?
“The Supreme Court on Friday killed off a judicial doctrine that has protected many federal regulations from legal challenges for decades”
https://www.politico.com/news/2024/06/28/supreme-court-shifts-power-over-federal-regulations-from-agencies-to-judges-00165742

[QueenVic]

Let's go POWER hour 🕓

[Barron4664]

Also, Congress was very specific in HERA that courts could not question the actions of the Conservator. So there is no ambiguity there and this Chevron decision doesnt apply to the actions of the conservator,in my opinion.

[Barron4664]

Im not too sure that it will have much impact on the GSEs. The ruling doesn’t revisit regulations that have already been promulgated. The Chevron decision has to do with federal agencies interpretation of ambiguous federal laws when proposing regulations. So moving forward from today, FHFA’s rule making ability will have a judicial oversight if needed on any new regulations they propose. But as far as conservatorship goes, FHFA-C doesn’t promulgate regulations. The real impact of this ruling will be its effect on congress. Congress will have to focus more on meaning what they say and saying what they mean in new statutes and stop writing open ended ambiguous laws that leave the interpretation up to the director of an agency. Those types of statutes lead to the major questions issues in regulations drafted by unelected bureaucrats.

[stockanalyze]

the more i read on chevron, i think the whole saga with the word 'may' in the language that was brought up by fhfa falls apart now. anyone remember the word 'may' and how it was abused by fhfa? chevron ruling takes care of it but not a lawyer.

[Guido2]

I would think that it would be enough to mention it in oral arguments that the agency's authority is defined by statutes and not by the agency's opinion of it's own powers. eg Plaintiffs' lawyer can repeatedly ask the government lawyers where exactly it states in the law that the conservator can act on it's own self interest instead of the wards'.

[skeptic7]

Just as suspected. There literally is no reason.

[stockanalyze]

too many moving parts today. just need another : jpm pony up billions, trillions in derivatives case settled

[stockanalyze]

congressonal authorization for nws?

[stockanalyze]

you are right i think. imbellish has also been posting on it if i remember

[stockanalyze]

does it require the plaintiff's to file an appeal citing chevron? brandon fisher and wazee is still active and can add to their filing?

[tutt1126]

Fhfa had a congressional authorization, therefore it is different story

[tutt1126]

Quote " federal agencies will have less power Without explicit congressional authentication "

Key words

Without explicit congressional authentication.

[TightCoil]

Raise The Ask - Raise The Ask

They will pay

[stockanalyze]

what do you think impact of chevron case?

[TightCoil]

explanation of today's increase?

The answer, my friend, is blowin' in the wind
The answer is blowin' in the wind

[RickNagra]

$FMCC $FNMA -> @FHFA 👇👇👇👇
This is huge decision re agencies like FHFA pic.twitter.com/tSy624j2Hk

— Patrick (@InvestIt3) June 28, 2024

[skeptic7]

Yet still below PPS a few weeks ago. I'd still like to hear any reasonable explanation of today's increase. There is literally zero news to account for this.

[blownaccount9]

Fannie growth still looks weak compared to Freddie. If this is going to be a new trend with Freddie adding 2nd home loans too it won’t be long before they are the same size… would be nice especially because Freddie has about half the common shares Fannie does and a lot
less preferred shares to pay dividends to.

[RickNagra]

New HOD on deck.

[Rodney5]

Barron was a former state regulator had written regulations and so he is somewhat familiar with the process and what the law usually allows agencies to do. I appreciate the man for taking the time by sharing his knowledge and experience with this board.

[Rodney5]

Yes, it's a blow to the power of federal agencies. FHFA and its Director are executive branch entities. They cannot make changes to federal laws. Only Congress can change the law. Therefore, the U.S. Congress did not give DeMarco the power to take all the future profits of their wards in conservatorship into perpetuity, thus Nationalizing the GSES, based on an Incidental Power in HERA: The Net Worth Sweep. The U.S. Congress would have given the FHFA more explicit instructions to do so than merely drafting in the HERA to do whatever it feels is in its best interests. DeMarco, this non-elected bureaucrat, has been allowed to steal the companies for the Treasury.

[RickNagra]

Lemmings slow to react to the Chevron ruling. Making their way right now to the buy window. Too much heavy drinking the night before. Must be Europeans.

[Homebrew]

There is no symbol.

What is the symbol for this board ? Obviously it cannot be FNMA. Is there a fifth letter ?

[RickNagra]

What is the symbol for this board ? Obviously it cannot be FNMA. Is there a fifth letter ?

[Guido2]

Depends on what he and his friends own.

[Guido2]

With Chevron gone way over $2.00.

[Homebrew]

Post here.
https://investorshub.advfn.com/Fannie-Freddie-Politics-Board-Poltics-Allowed-Non-43002

[jog49]

"Ignore does $1000+/share, yes its possible after 5 years without the GOVT deep claws & intrusions into FNF."

NO it's not and you know it. Any price explosion like that and it would split long before $1000. $200-300 is possible if fully unencumbered, but forget about $1000 and that such nonsense.

[NeoSunTzu]

Nice to see greater than average volume early in the day .... profit takers make everyone cautious ... probably won't see any more advances till later in the day then maybe a run at the end of the day ...

[RickNagra]

Stuck at $1.43 this morning. We need a catalyst. Paging Captain TightCoil STAT.

[Patswil]

PPS should be $325/share

[stoxjock]

Yes. Previously many here said overturning that case will mean we willhave much better outcomes in the court cases! Just heard on CNBC that it got overturned by SCOTUS. Great news,hopefully our cases will have better outcomes using this precedent now. Add his to JB's disaster in debate yesterday, I am adding substantially today...

[RickNagra]

Supreme Court delivers blow to power of federal agencies, overturning 40-year-old precedent https://www.cnbc.com/2024/06/28/supreme-court-delivers-blow-to-power-of-federal-agencies-overturning-40-year-old-precedent.html?__source=iosappshare%7Ccom.apple.UIKit.activity.CopyToPasteboard