Fannie Mae-No Politics (FNMA)

[chessmaster315]

Obiterdictum posted:

1. HERA specifically allows the US Treasury (not FHFA) to purchase and receive GSE issued securities (Senior Preferred Stock and Warrants to purchase common stock) from the GSEs as consideration for providing [initially] access to $200 billion in funding as detailed in the SPSPAs. The statute allowing purchase, receipt and use is: 12 USC 1719(g) - https://www.law.cornell.edu/uscode/text/12/1719 and 12 USC 1455(l) - https://www.law.cornell.edu/uscode/text/12/1455. -

Isnt it true that legislation that passes congress that is unconstitutional (violating the 5th Amendment "takings" claus) is not valid.
Do shareholders need to file another lawsuit challenging the constitutionality of HERA, which allegedly permitted the government to take our property?
Given that our leaders swear to uphold the Constituition, I do know what the military does when its leader goes awry and orders troops to commit acts which violate the law. There is a system in place to remove a commanding officer from duty when this happens.

In boot camp we responded to an order that would violate the law with, "As you were, sir".

For example, the CC (company commander) ordered us to march off the cliff. We responded, "As you were, sir", and did not obey that order. I think it was teaching us not to comply with orders contrary to the law.