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Re: HappyAlways post# 720291

Thursday, 05/12/2022 5:50:57 PM

Thursday, May 12, 2022 5:50:57 PM

Post# of 790534

I don't think FHFA is working independently, at least before ST is confirmed.



That's not the point here. What matters is that the Supreme Court made one tiny change to HERA, letting the President remove the FHFA director at will instead of needing "cause", and said that HERA is now fixed and is still an independent agency. Again, "independent" does not necessarily mean what some of us think it does.

Pls provide proof.



Link to the Supreme Court Collins opinion

See 1(a) on page 2:

(a) The Recovery Act grants the FHFA expansive authority in its role as a conservator and permits the Agency to act in what it deter-mines is “in the best interests of the regulated entity or the Agency.” §4617(b)(2)(J)(ii) (emphasis added). So when the FHFA acts as a con-servator, it may aim to rehabilitate the regulated entity in a way that, while not in the best interests of the regulated entity, is beneficial to the Agency and, by extens ion, the public it serves .



That means the NWS was okay because FHFA is allowed to take actions that are in the best interests of "the public it serves", even when those actions are not in the best interests of the "regulated entity".

(This also proves that "the public it serves" is specifically not FnF, contrary to a common nonsense argument I've seen.)

The NWS only benefited Treasury, for no consideration in return. That sure seems like self-dealing to me, and the Supreme Court said the NWS was fine.

Got legal theories no plaintiff has tried? File your own lawsuit or shut up.