Fannie Mae-No Politics (FNMA)

[Robert from yahoo bd]

What do you think about the double insulated from Congressional Appropriations Oversight issue coming out of the 5th Circuit 3 Judge Panel and pending a Petition for a Writ of Certerrori from the federal government?

"The basis of the ruling was that the CFPB was “double-insulated” from oversight. Dodd-Frank allowed the agency to ask for money with only a statutory cap setting the limit, setting it outside annual appropriations. And the CFPB seeks money from the Fed, which itself is funded from investments in securities and other sources outside the appropriations process."

https://news.bloomberglaw.com/banking-law/whats-next-for-cfpb-funding-after-appellate-ruling-explained