Fannie Mae-No Politics (FNMA)

[navycmdr]

9th Circuit Ruling ALREADY certifies the GSEs are PRIVATE COMPANIES

Key to the Delaware proceedings is this phrase from the 9th Circuit:

Our prior decision in Rust v. Johnson, 597 F.2d 174 (1979), where we held that Fannie Mae was a federal instrumentality for state/city tax purposes, does not change the result, because Rust does not address Fannie Mae or Freddie Mac’s status under the False Claims Act.

As we have previously held, just because an entity is considered a federal instrumentality for one purpose does not mean that the same entity is a federal instrumentality for another purpose...Nor does the Federal Housing Finance Agency’s conservatorship transform Fannie Mae and Freddie Mac into federal instrumentalities.