Fannie Mae-No Politics (FNMA)

[Guido2]

The case heard before SCOTUS wasn’t pleaded on behalf of the corporations. It wasn’t derivative. Justice Breyer is saying (at least that’s what I get from his argument) that FHFA was acting on behalf of the corporations. What Thompson argued before SCOTUS was that since the President was unable to fire the Director, NWS signed by the Director was invalid. Takings was not argued. Derivative suit was not argued.