Fannie Mae-No Politics (FNMA)

[Robert from yahoo bd]

These federal agencies have gotten out of control. The fundamental problem is (1) Congress delegates fuzzy legislative commands (let the Unelected Bureaucrats in DC make the politically hard decisions instead of the US Congress), like, "in the best interests of the FHFA" and (2) the courts giving Chevron Defence to the Unelected Bureaucrats to interpret these fuzzy legislative commands practically anyway they wish.

With the POTUS in direct control of most of these federal agencies, he tells them to find a vague Statute and do something like forgive $400B in student loans.

Crazy stuff!

The SCOTUS seems ready to rein it in via the revival of the MQD and Seperation of Powers Doctrine. Oral arguments are set for next Tuesday morning. Should be a good listen.