Fannie Mae-No Politics (FNMA)

[Rodney5]

Barron4664 said, Quote: " In fact, none of our court cases will work because they are focused on the language within the contract and conflate that with the powers granted FHFA through HERA." End of Quote.

The FHFA had no right to take over the companies under the Law of HERA.

When Paulson met with the directors of Fannie Mae and Freddie Mac to inform them of his intent to take over their companies, neither entity met any of the twelve conditions for conservatorship spelled out in the newly passed HERA legislation. Paulson since has admitted he took the companies over by threat. This fact has been stated in the Washington Federal Lawsuit filed against the government.

Page 30-31 Twelve Conditions
Link: https://docs.google.com/file/d/0BxUYhg0cYUOTbkZYVVJkaGtoS1E/edit?resourcekey=0-gU6I5hW3ndG5E3uY2VEyGA