Fannie Mae-No Politics (FNMA)

[Barron4664]

It will be a lot harder to make that argument against FHFA than it would if you focused your mental energies on the fact that Treasury provided 200 billion in funding as a “commitment fee” without any Congressional authorization or the fact that a “commitment fee” is prohibited by the plain language words of Congress when they amended the charter act. This is where you should be arguing separation of powers/ major doctrine, 14th amendment. FASB generally requires an entity that meets one of three conditions to be consolidated: Gov funding, gov control, and greater than 50% ownership. GSEs meet all three. Whitehouse.gov says the 200 billion commitment is in the appropriations. SPSPA states Treasury has non regulatory control over the BOD/FHFA-C. Contract requires prior written approval of Treasury no less than 10 times in the agreement. Read the entire contract. Obviously Treasury meets the ownership requirement. Should the Court rule the 200 billion commitment legal, then the obvious conclusion is that Treasury has violated the constitution by repudiating the US debt by not consolidating the entities liabilities of 5 trillion. Arguing against the actions of the FHFA has been a colossal waste of time and money. It has always been the actions of the Treasury that caused the injury.