Fannie Mae-No Politics (FNMA)

[kthomp19]

The GSE Act does not contain the blanket provision in HERA.

What "blanket provision" are you referring to? The GSE Act does have a succession clause that is basically identical to the one in HERA.

It states, as I earlier quoted, that no action can be impeded that lies within the boundaries of the specific powers imparted when the Director acts as a conservator.

This is true of both the GSE Act and HERA.

It is NOT a free pass that empowers the Director to loot the GSEs, search for butterfly tattoos or sign destructive agreements like the SPSPA that illegal exact property in violation of the 5th Amendment of the U.S. Constitution.

The "blanket provision" you refer to in HERA isn't a free pass either. It doesn't allow things that are ultra vires: those that are not valid acts (as determined by the court) of a conservator.

What you are missing is that no existing lawsuit seeks to overturn the conservatorships and original SPSPAs. The Supreme Court striking down all of HERA doesn't automatically kill those things. Instead it would take new lawsuits to try and overturn those, and those lawsuits are by no means guaranteed to succeed.

Of course, all of this would be moot if Collins is settled rather than ruled on.