Fannie Mae-No Politics (FNMA)

[Wise Man]

***BOMBSHELL*** THE PRIOR FHEFSSA, BEFORE BEING AMENDED BY THE 2008 HERA, SLAMS THE SCOTUS OPINION. Because it already contemplated the conservator's Incidental Power "actions authorized by this section, in the best interests of the Agency", but written with other words and it was included in the conservator's Power. The wording changed when in HERA it became a stand alone provision and, the key, the FHEFSSA contemplated the possibility of a conservator other than the FHFA, whereas in the amendment of HERA, the conservator is always the FHFA. So, instead of saying that the director of the FHFA can take actions at its discretion, now it can directly say that the conservator can take actions in the best interests of the Agency, because now we are sure that the Agency is the conservator and not the regulator. Scotus thought that in the best interests of the Agency, is the Agency as regulator "and by extension, the public it serves" . More detail on #Fanniegate.