Fannie Mae-No Politics (FNMA)

[bcde]

"The first part is incorrect because FHFA suspended capital standards on FnF during conservatorship, thus no part of HERA prevented such dividend payments. HERA gives FHFA a ton of leeway over such determinations anyway; if the director at the time of each NWS payment decided that it was in the best interest of the agency to make such a payment then HERA allowed for it. The second part is irrelevant because the seniors were not a loan.
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If FHFA or FHFA Director or FHFA conservator can do what ever it/he wants, that is, ignore any laws or violate any laws, then why even try to justify any thing based on laws. That is controversial lawlessness of 4617(f).

One can not selectively use laws to justify what ever FHFA conservator did and then say FHFA conservator can do whatever he wants when the actions/decisions ignore or violate the laws.

Here one has to look at intentions of FHFA Directors, UST Secretaries and administration over 11 years and see whether these intentions were in compliance with laws. Obviously the answer is clearly "NO".

If one ignores basic rules of logic or laws, then anything can be proved. If intentions are not important then any laws can be used to do anything.

The laws never authorized FHFA to relinquish control of conservatorship to UST in any way or form. The laws never authorized de facto nationalization of FnF. The laws never authorized administration to wind down FnF by bankrupting them. It is the corrupt judiciary that has allowed FHFA to do all these lawless things but it does not make legally correct.