"please continue bitching and moaning until we're trading for a Quarter coz I've not had a good reason to clean my couch cushions in a long time big smile"
mrfence,
Never trust people in power, that too unelected unaccountable people with absolute power. This is THE fundamental principle on which US Constitution is designed.
But founders totally underestimated the power of the independent Gov Branches that are run with unelected unaccountable people with almost absolute power. Even far worse is the Gov branch that is run with unelected unaccountable people with life time tenure with absolute power.
FnF Shareholders had lot of hope and trust in SCOTUS. But clearly from the reactions of legal scholars and common people, SCOTUS betrayed that hope and trust. This is not because, SCOTUS mostly ruled against plaintiffs but the way SCOTUS ignored many legal principles and legal mandates that all expected it to follow. Looks like SCOTUS allowed itself to be guided by political ideologues and think tanks run by lobbyists. With this ruling SCOTUS has opened the Pandoro's box, and has destabilized the financial system. How would anyone trust what Gov says in a crisis with the experience of FnF conservatorship?
If one were to go by the the way SCOTUS has ruled in this case, lower court judges will be falling over each other to please the defendants with even far worse ruling, abandoning all legal principles and constitutional rights of people.
Let us hope that the brave and the patriotic judges will prove all the skeptics wrong. This country has many of such people. Let us hope that current/future administrations, Congress, UST and FHFA will prove all the skeptics wrong and restore the faith of the people in their own Gov.
