Fannie Mae-No Politics (FNMA)

[bcde]

"Please review Palazzolo v. Rhode Island, 533 U.S. 606 (2001)"

Obi,

The ruling seems to be in favor of shareholders who bought after NWS agreement. But NWS agreement is not a law or regulation but it a private agreement between US and FHFA conservator (Private companies).

Besides NWS has been ruled as not valid by 5C. Things seem to be complicated. NWS Taking happened without a valid law or valid regulation.

Then why Judge Sweeney is trying to reinterpret the law?

How does transfer of property rights extinguish the constitutional rights of new owner?

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"Palazzolo v. Rhode Island, 533 U.S. 606 (2001), is a United States Supreme Court case in which the Court held that a claimant does not waive his right to challenge a regulation as an uncompensated regulatory taking by purchasing property after the enactment of the regulation challenged.[1]"

https://en.wikipedia.org/wiki/Palazzolo_v._Rhode_Island