Fannie Mae-No Politics (FNMA)

[Robert from yahoo bd]

Unlike Nebraska v Biden, in Collins, the Supremes 'blessed' the Net Worth Swipe as statutorily sound under the sweeping powers granted to the FHFA to act, "in the interests of the FHFA or the public it serves".

"And as we have

already shown, the HEROES Act provides no authorization

for the Secretary’s plan even when examined using the or-
dinary tools of statutory interpretation—let alone “clear
congressional authorization” for such a program.9

Footnote 9, Biden v Nebraska:

"As we have explained,
the statutory text alone precludes the Secretary’s program. Today’s opin-
ion simply reflects this Court’s familiar practice of providing multiple
grounds to support its conclusions. "

"Today, we
have concluded that an instrumentality created by Mis-
souri, governed by Missouri, and answerable to Missouri is
indeed part of Missouri; that the words “waive or modify”
do not mean “completely rewrite”; and that our precedent—
old and new—requires that Congress speak clearly before a
Department Secretary can unilaterally alter large sections
of the American economy. We have employed the tradi-
tional tools of judicial decisionmaking in doing so. "