Fannie Mae-No Politics (FNMA)

[Commons_Cancelled]

The reason this matters is that the prevailing statute before HERA, the GSE Act, did not give the agency Director the power to do things that Lockhart did, trampling the rights of shareholders in the process.

This is incorrect as kthomp previously outlined in several responses last week.

The GSE Act gave Lockhart the same carte blanche abilities as HERA did. I doubt the SCOTUS Judges would even consider scrapping HERA entirely. And even if they did, I'm sure the Gov Lawyers would claim the same as kthomp and I both have -- that the GSE Act would've allowed for the same type of action.

Unfortunately, I don't see this even coming up in the oral discussions or in the SCOTUS Judge's review of the case.

Place your bets accordingly


References:
1) https://investorshub.advfn.com/boards/read_msg.aspx?message_id=158787836

2) https://investorshub.advfn.com/boards/read_msg.aspx?message_id=158791085

3) https://investorshub.advfn.com/boards/read_msg.aspx?message_id=158791086

4) https://investorshub.advfn.com/boards/read_msg.aspx?message_id=158146518