Tuesday, May 11, 2021 2:12:05 PM
The Supreme Court's Selia decision proves this statement incorrect because they only undid the single CFPB decision that the plaintiffs wanted reversed, not every decision the CFPB ever made.
Absolutely false. The Collins plaintiffs do not even make this claim! If your statement were true then there would have been no need for the Collins plaintiffs or lawyers to address at all the possibility of the rest of the SPSPAs being unwound.
The question you are referring to is #4 in the Collins plaintiffs' opening brief:
Note the "a" before "final agency action". This is of critical importance: the Collins plaintiffs ONLY want the NWS overturned as a remedy for the Constitutional violation. They even repeat this on page 33:
The plaintiffs themselves clearly think that this is all that needs to be done as remedy, and they clearly do not think that any other prior actions by FHFA must fall as a result (not even just the original SPSPAs), let alone all of them. You are making claims well above and beyond what the plaintiffs have claimed: if David Thompson and the rest of the Collins plaintiffs' legal team think that only the NWS should be overturned, that's what counts. Not only does their expertise dwarf yours or mine, they are the ones in front of the Supreme Court, not you or me.
Wrong again, see above (re: Selia). I think you're making the mistake of conflating FHFA's structure being unconstitutional (which both the plaintiffs and defendant agree that it is) with the agency itself being unconstitutional (which neither the plaintiff nor defendant claim).
False. Once again, the Selia decision proves you wrong. This time it's on page 3:
If CFPB's power wasn't executive then presumably there would have been no need to alter Dodd-Frank at all.
The amicus was appointed by the Supreme Court to argue that FHFA is constitutionally structured because both the plaintiffs and defendants think it is not. They want to hear both sides of that case.
I would love to be a fly on the wall when Professor Nielson reads that email, though I will probably be able to hear his laughter from where I live.
A fiduciary duty only to the companies, not to the shareholders. For the umpteenth time, those are not even close to being the same thing.
False. The succession clause is part of HERA (and is assumed to be fully legal due to the nature of question 1), while the NWS is merely an amendment to a contract, which (as the plaintiffs want!) can be unwound while leaving the original contract and first two amendments intact.
You missed the point. I will quote the relevant sentence again:
The plaintiffs tried to argue that all the Board's actions and authority violated the Constitution, and the Supreme Court rejected it.
You seem to be arguing that all of FHFA's actions and authority violate the Constitution, and by the above precedent the Supreme Court will reject your argument too. That's if they even consider it.
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