Fannie Mae-No Politics (FNMA)

[bcde]

"The fact, sadly, is that companies will absolutely shaft common shareholders for their own self interest. I am going through a brutal one with UNTCQ, and it reminds me a lot of FnF's saga. The difference is that the Federal government and their appointed regulator and conservator created an impenetrable barrier for shareholders to shine a light on unfathomable theft of shareholder value."

Another glaring violation of constitutional principles of checks and balances is, entrusting both regulatory and conservatorship authorities with one person FHFA Director. Besides HERA itself violates this principle very frequently.

Surprisingly no one has challenged this constitutional violation. MC compares FHFA and FHFA Director to Bankruptcy Courts and bankruptcy court Judges, but HERA just does stop there. HERA gives legislative, executive and judicial powers to FHFA Director and protects Conservator from Congressional, Executive and Judicial review. FHFA Conservator can, not only violate any laws but also provide immunity to others to violate any laws.

Court should have struck down HERA in toto as unconstitutional, undemocratic and a law that promotes lawlessness.