Fannie Mae-No Politics (FNMA)

[Robert from yahoo bd]

HERA was not challenged as unconstitutional as Lamberth ruled several years ago.

Can you provide more color on that?
Do you mean they didn't challenge the Conservatorship?

At the end there has to be admin or legislative action.

I think the scariest thing that the SCOTUS in Collins did, was proclaim that a Government Conservator can do what's best for the Federal Agency or "public good". In essence allowing HERAS INCIDENTAL POWERS TO OVERRIDE THE PRIMARY DUTY OF A CONSERVATOR TO PRESERVE AND CONSERVE THEIR WARDS ASSETS.

Also scary was their inability to realize that the UST sent out a Public Announcement that the intention of the nws was to wind down the gses (clearly a receivership function) and instead let the Government find refuge under the Business Judgment Rule AND THEY FELL FOR THE DEATH SPIRAL NARRATIVE HOOK, LINE, AND SINKER!

TH the other day thought that the current administration had no intention of reimplenting the cash sweep BUT what's to stop them from diverting much needed capital to their latest pet projects if it takes years of litigation under a Takings Case and a Big Ask from the courts to reverse their "for the public good" private shareholder funded pet projects?