Fannie Mae-No Politics (FNMA)

[Robert from yahoo bd]

Will the SCOTUS force the CFPB (FHFA?) to have Congressional Appropriations Oversight? Senator Elizabeth Warren: "DON'T YOU HURT MY BABY!"

https://www.foxnews.com/politics/supreme-court-hear-arguments-constitutionality-elizabeth-warrens-baby-cfpb

"Warren, now a Democrat senator from Massachusetts, is credited for creating the agency, although she never led it.

Warren's 2020 presidential campaign website says she "came with the idea for the CFPB before the crisis even began and then fought successfully to turn her idea into a reality."

"This agency was Elizabeth’s idea, and through sheer force of will, intelligence, and a bottomless well of energy, she has made, and will continue to make, a profound and positive difference for our country," President Obama said in July 2011."

Trump's former acting CFPB Director Mick Mulvaney even called the agency "Elizabeth Warren’s baby."

On Monday, Warren rejected the push to find it unconstitutional.

"Despite years of desperate attacks from Republicans and corporate lobbyists, the constitutionality of the CFPB and its funding structure have been upheld time and time again," she said.

"If the Supreme Court follows more than a century of law and historical precedent, it will strike down the Fifth Circuit’s decision before it throws our financial markets and economy into chaos."

The CPFB has already sustained a blow to its autonomy from the Supreme Court in 2020 through a Trump administration challenge, in which the nine justices ruled that a president could fire an CPFB director at will. Prior to that decision, a CFPB director, after appointment by the Senate, would serve five years and could only be fired for malfeasance, inefficiency or neglect of duty.