Fannie Mae (FNMA)

[bcde]

"That's not true. In the recent Sixth Circuit order, it is clearly stated that bad law is law. Judges need to rule according to law. In HERA, it is clearly stated that shareholders cannot lawsuit FHFA. FHFA has sole right to make bad business decision. Instead, in the debrief, we are suggested to go for something else such as "Unconstitutional taking".

Majority of Judges have made very contrived interpretations of HERA in allowing unchecked broad powers to private entity FHFA conservator. FHFA can not claim any additional authorities more than what FnF BOD/CEO have when acting as a conservator of private shareholder companies. How can FHFA conservator as a private entity claim very broad unchecked powers, when even the Gov agencies can not have such powers? How can one of the most powerful US agency depends private FHFA Conservator to violate US laws?

If conservator were to be private a party, and NWS money were handed over to another private party, then how Judges would have interpreted HERA? Read Richard Epstein's opinion on this.

In the current legal system, the laws can be interpreted in billion ways. Otherwise how can the opinion of Judge Brown's opinions stand exactly opposite of majority opinion.