Fannie Mae (FNMA)

[HappyAlways]

SCOTUS made a serious mistake. They singled out one sentence “in the best interests of the regulated entity or the Agency." And self-interpret that "So when the FHFA acts as a conservator, 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 extension, the public it serves.” The self-added "by extension, the public it serves" is clearly not in the contract. The only public interest for FHFA as a conservator is to rehabilitate the regulated entity.

So, who is to ensure that FHFA represents public interest ? And specifically, how ?

What a joke !