The HERA law is fk up, HERA legislates 2 private companies to distribute amounts of shareholder profit money for a government social policy ( Affordable Housing Trust Fund ). The government by law is supposed to fund its socia programs through taxes, that is the only source of revenue allowed to fund government programs. The government initiate a contract called a charter that dictated the relationship between FnF . Originally, FnF was to provided liquidity to the mortgage market by buying loans from banks. Clinton comes along and changes the charter by putting FnF under HUD CONTROL with the intention of forcing FnF to accept a percent of undesirable credit risk. Under HERA it is the intention of FnF to accept undesired risk quota and 90 % of the trust funds will be used for rental money for welfare and low income. Wait a minute ! Wasn't that HUD's Budget Item funded through federal revenues ? So what happen to HUD's desiginated funds for Housing ? The point is the constitution does not allow the government to make a law that designates a company or individual to be taxed singalarly for the purpose of funding a a government social policy. Illegal uncstitutionall forbidden. HERA IS ILLEGAL,.
Now , given that premise true, after reading that part of the settlements with the TBTF banks was a financial contribution to Affordable Home Trust erc.. I do not recall if those were in perpituality or limited , but again how is that legal though deserving after others harmed brought whole? Those settlements too soft, but point to one conclusion that this financial crisis was intended to create funds for affordable housing, it is so obvious. The bad loans, FnF takings , bank settlements, the media silence, civil rights groups making demands to make homes affordable through subsidizing by anyone but government,
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