Fannie Mae-No Politics (FNMA)

[FOFreddie]

Hi Robert - thank you for all your time and thoughts.

Regarding the SCOTUS case - I am thinking the big Kahuna here is the opportunity to overturn Humprey's Executor like Justice Thomas wanted in Seila. For those who support liberty and see the wisdom on how the election of a reformed minded POTUS can conterbalance the potential oppression of the Administrative State - the overturning of Humprey's could have far reaching and lasting impact. You will notice most of the Amicus briefs advocate for this including Gorsuch's old clerk at the Pacific Legal Foundation.

Check out this article:

https://slate.com/news-and-politics/2020/04/supreme-court-seila-law-trump-bleach-personnel-power.html

Director Calabria would be wise to take the GSEs out of Conservatorship on Jan 1 and let them raise capital under a consent decrees. The NWS will fall by the wayside as will HERA until Congress remedies the Constitutional defects. Roberts may not join but Gorsuch, Kavanaugh ,Barrett and Alioto may join Thomas in overturning Humprey's. This could not have happened with RBG but now is a possibility.