Fannie Mae-No Politics (FNMA)

[Robert from yahoo bd]

Textualists understand that the incidental powers granted to FHFA in HERA, do not mean that an accountable to no one in Government FHFA Director can do whatever he wants. As David Thompson stated at the SCOTUS orals, "The US Congress doesn't hide elephants in mouse holes."

The 16 judge EnBanc Panel ruling in their majority opinion said, "We doubt that Congress "in fashioning this intricate ... machinery, would thus hang one of the main gears on the tail pipe."

Such a ruling upending 100's of years of Conservatorship Law by the SCOTUS seems unlikely, but keep holding your jps while the conversion ratio slips from 5 to 3. Where is that downward spiral going to end? Oh yeah, fulcrum security, how could I forget!