Fannie Mae-No Politics (FNMA)

[Robert from yahoo bd]

It will be interesting to see how the SCOTUS resolves the problem of the Federal Reserve's funding if they agree with the 5th Circuit Appealate Court in CFPB.

TH brings to light the problem: "There are many federal agencies, including the Federal Reserve and the FDIC, whose operations are not subject to annual appropriations. Will SCOTUS really say these entities are illegally funded (the Fed gets its funding from Treasury, and the FDIC from banks), and if so what will the remedy be? SCOTUS will need to be very careful in how it deals with this Pandora’s Box.

I therefore find it hard, at this point, to speculate about the implications for Fannie and Freddie, and the net worth sweep, of SCOTUS granting cert in the CFPB case. It has too many complications, and conflicts of political agendas."

What do you think?