Tuesday, May 25, 2021 8:54:49 AM
It is not the “conservatorship” power, it is the power to put the companies into conservatorship, that power is executive, conservatorship power itself is not
agree, the only thing that needs to happen is releasing the meeting minutes of the boards for it to become legal, if the FHFA becomes executive, it was agreeing with itself to rescue(doubtful) and restore the companies health, the agreement is a wind-down agreement, conservators cannot agree on such contracts, receivers can, conservators cannot, so the deal is self-dealing so unsustainable
By changing “for cause” to “at will’ it will become executive
So we have 2 executive agencies who agreed to put the companies into conservatorship
Executive agencies depend on regulation to perform their duty, the power given to the executive agencies is controlling, enforcing the law (not making the law)
So HERA should be independent, when it then becomes “executive power” it cannot determine to put the companies into conservatorship, executive agencies cannot decide themselves, bases out of thin air to put a company into conservatorship, legislation is needed for that, and that is already present in 4611/4612/4613, so it could not have entered into the PSPA in the first place, and because those are present it also could not make self-dealing contracts as a conservator should defend the companies rights not giving at away, then if HERA Also takes away the power for the judicial branch to review cases it would be beyond doubt, this is not within the separation of powers, furthermore if the SCOTUS decides to change “for cause” the conservatorship is at issue as the courts now have (and should have) the power to question if the behavior of the agency was lawful, and for that to determine the sealed documents need to be un-redacted
1) They did not have the power to put Fannie and Freddie into conservatorship
2) They could not have put in place a wind-down contract as conservator
3) They sealed the documents of the voluntary consent
4) They installed an amendment to siphon-off all profits forever
5) They wound down the Companies portfolio
6) They changed regulation in the meantime
7) They installed things that DO NOT contribute to the Companies profits
8) They micromanage a shareholder company for more than a decade
9) The 5th circuit holding is not overruled yet, the Structure of FHFA is unconstitutional today
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