Fannie Mae-No Politics (FNMA)

[bcde]

"Attorney for plaintiff has just given the textbook definition for ineptitude. This sh*t is over."


If this is a new question about law that SCOTUS has no ruled, then plaintiffs can still pursue to invalidate HERA as it is a law that is wrongly enacted for wrong agency and wrong business. This shows ineptitude or malice of the bureaucrats in drafting the HERA. Probably congress passed this law in a hurry during 2008 crisis just trusting these people.

FDIC/Banks are not comparable to FHFA/FnF in any way. These entities are in totally different businesses and regulatory roles. Still bureaucrats copied the FDIC laws to create HERA.

MC and others who were involved in creating HERA and justifying it, should feel totally embarrassed/guilty about their contributions to the lawless mess and causing irreparable harm to Global economy, FnF and FnF shareholders. BTW imposing conservatorship on FnF transformed the manageable US 2008 financial crisis in to global financial meltdown.