Fannie Mae-No Politics (FNMA)

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ALERT
" Berkowitz said he hasn’t discussed plans for overhauling Fannie and Freddie with Mnuchin. If the Trump administration doesn’t stop the profit sweep, he said Fairholme will “absolutely” go to the Supreme Court.

“When you go back and think about it, right, there are issues of breach of contract. There are constitutional issues. How do you create an agency that oversees Fannie and Freddie that doesn’t answer to any branch of government?” said Berkowitz, referring to the Federal Housing Finance Agency, which controls the companies.

Berkowitz said that not attacking the constitutional issues in the first place was a mistake in Fairholme’s legal strategy. “We should’ve argued it. It was so obvious. We argued the finer points,” Berkowitz said. "


Can you believe this ? Both positive and negative . Negative cause all the time and money he spent when his parasite lawyers could of advised him . Course , they may not read the constitution . Positive is now he knows several constutional violations occurred starting when HERA was legislated to take a private companies profits for social policy , deny due process, Director not accountable to anyone , FHFA DIRECTOR Demarco was not legitament by not recommended by president obama or approved by congress .... etc with many more violations . What were these parasite attorneys thinking ? This could of been over and saved Berkowitz a lot of time and money.