Fannie Mae-No Politics (FNMA)

[YanksGhost]

After 48 hours of reflection, I think MC's letter to the court is a self-serving piece of shit, written out of fear for the about-to-be-released ruling. Read what his text says... FHFA's structure is legal... HERA which defined this structure is legal... the actions I(such as the NWS) are legal...

CALABRIA WROTE HERA. He is defending his work and risks all credibility if HIS law is shot down by the 5th Circuit.

Read what Judge Kavanaugh wrote in the CFPB precedent case before he moved on to SCOTUS. He was not suggesting modification of Presidential termination protocol. He was insistent that the entire structure of a single Director with no oversight was a Constitutional abrogation of substantial magnitude. He sought to tear down the whole structure and replace it with an oversight panel that prevents too much power from being granted a single Director in violation of Constitutional principles.

I keep reading all these comments that MC's letter is only about "with cause" termination being replaced by removal at will. Baloney. This is about the much larger issue of whether the court is poised to blow up FHFA, blow up substantial parts of Calabria's creation in HERA and reverse the entire illegal, self-dealt mess.

Then you can add in the reality if GOV appeals to SCOTUS. Guess who now sits on the bench there: JUdge Kavanaugh. Guess how he is likely to rule after his stance on CFPB?

I think the GOV is scared shitless! I cannot conceive of another reason why the GOV would introduce such controversy into a ruling that is on the verge of release. This is pure desperation.

JMO.