Fannie Mae-No Politics (FNMA)

[Clark6290]

This article provides the truth. "On the most important issue—the legality of the net worth sweep under the Administrative Procedures Act, or APA—plaintiffs lost outright. In an opinion authored by Justice Alito, the Court ruled that, “The ‘anti-injunction clause’ of the Recovery Act provides that…’no court may take action to restrain or affect the exercise of powers or functions of the Agency as conservator or a receiver,” and that, “Where, as here, the FHFA’s challenged actions did not exceed its ‘powers or functions’ ‘as a conservator,’ relief is prohibited.”

Fully explained by SCOTUS.