Fannie Mae (FNMA)

[Robert from yahoo bd]

how does all this resolve our situation

Simple, file a lawsuit (I think David Thompson already amended his complaint in the 5th Circuit).

In the CFPB case, the 5th Circuit invalidated the CFPB'S decision, ruling that the lack of funding oversight by Congress invalidates a decision made by the CFPB that the Plaintiffs challenged.

Wouldn't it be great to invalidate the NWS?

Both the CFPB and FHFA are "independent federal agencies", funded outside and the annual Appropriations Oversight Process that belongs to the US Congress. FHFA, like CFPB decides each year how much funding it needs annually and FHFA extracts 90%+ of it from the GSES balance sheets.

According to a little document known as the US Constitution (it's only a few pages long), the power of the purse belongs to the US Congress.

Well, the US Congress set up the funding structure, so it's okay right? Not according to the recent Appealate Panel in the 5th Circuit https://www.heritage.org/the-constitution/commentary/better-late-never-consumer-financial-protection-bureaus-unaccountable

The USSCT will probably decide if it's a violation of the Seperation of Powers or not.

Well, the CFPB is NOT the FHFA! True, but Seila Law showed us that when it comes to SOP issues they often are.

https://www.latimes.com/business/la-fi-consumer-financial-protection-bureau-cfpb-headquarters-20140702-story.html

“We’re seeing the results of this dangerous unaccountability today in a Washington bureaucracy that is running amok, spending as much as it wants on whatever it wants,” he said. “It’s outrageous.”

Another problem could be if the SCOTUS denies the CFPB case Plaintiffs any meaningful remedy like they did in Seila Law and Collins.