Fannie Mae-No Politics (FNMA)

[Robert from yahoo bd]

Your original post was a statement that ACB was a textualist and HERA says the FHFA Director can do whatever it wants. All the courts said that ultra vires acts are not covered by the HERA anti-injunction clause. Thus, ultra vires acts are challengeable by the Plaintiffs and the courts can issue a ruling reversing such acts.

We went over this incidental power provision yesterday on the board and how the US Congress doesn't put the engine on the tailpipe or hide elephants in mouse holes and that the general power to preserve and conserve overrules the incidental powers.

Did you not understand that discussion yesterday or was the drive thru getting too backed up when you are reading and concentrating on our "degenerate" posts? (Relax, I'm kidding!)

BTW, your posts would be more meaningful if you would give us MORE THAN 1 or 2 liner often vague and meaningless posts, after all, us "degenerates" can't read your mind!

Remember, giving your time generously to the "degenerates" is a worthy cause!

What specifically did you find convincing in the Lamberth case?