Fannie Mae (FNMA)

[Barron4664]

The Delaware dismissal ruling was based in part on the fact that the FHFA didnt have to follow other legislative schemes based on FDIC rulings precedent on violations of ERISA during conservatorship and or receivership of banks. And thus has no obligation to follow Delaware or Virginia laws.

Rek has explained that FHFA as Conservator is “not” a private entity and is still an independent government agency.

So my question is.

Why in the world is an independent government agency created by congress that the judiciary has ruled doesnt have to follow other legislative schemes when acting as conservator of the GSEs under HERA paying any taxes at all???

FHFA should just tell Treasury that taxes dont apply to the GSEs while in conservatorship. Problem solved. Dont need DTAs if taxes arent owed.

Someone please explain why this is wrong.