Fannie Mae-No Politics (FNMA)

[bcde]

"Then it's up to you to find the specific part of HERA that supports your idea that FHFA can just break the SPSPA contract unilaterally, both by ending the NWS and releasing FnF without Treasury's approval.

Here is a link to help out. Remember that by the Constitution, FHFA only has the powers that Congress specifically grants to it, so your answer must be found in HERA's text somewhere. "

kthomp19,

Main problem with your argument is, you are trying to quote private SPSPA contract terms as if they are the laws of the land. BTW SPSPA terms are not in compliance with laws.

Read 4617(f). It empowers FHFA conservator to do anything it wants and no courts can enjoin FHFA conservator from doing so.

BTW any one is allowed to cancel or renegotiate any contracts. You do not need any laws to understand this. On the other hand no one is allowed to break the laws.

Under HERA, conservator can cancel or renegotiate any contracts. HERA does not prevent Conservator to cancel or renegotiate any contracts.