Fannie Mae-No Politics (FNMA)

[rosen62]

reckus

I do not think you have carefully read all the little legal aspects of the deal but if I remember correctly, courts aren't permitted to review anything unless such court is brought in by FHFA itself (HERA). Briefly, since the agreement cannot tramp the law, it is Watt who can bring in the courts. But perhaps he must do this before stopping payments.

1. Watt has enormous power as an independent Federal agency.
2. PSPAs is solely an agreement between parties. Of which Treasury played the role of private investor.

Who do you think now has the upper hand?