Fannie Mae-No Politics (FNMA)

[Robert from yahoo bd]

The Secretary of Education is coming out with a Income Dependent Repayment plan that should limit student loan borrowers payments to 5% of their monthly income and this should help a lot of these young folks with their payments and ultimately help Fannie Mae and Freddie Mac offer more mortgages to a very important part of the Housing Ladder, namely 1st Time Home Buyers!

I'm going to read what Elena has to say now, you should too, I'm sure you'll enjoy it!

https://www.supremecourt.gov/

Her 1st line: "JUSTICE KAGAN, with whom JUSTICE SOTOMAYOR and
JUSTICE JACKSON join, dissenting.
In every respect, the Court today exceeds its proper, lim-
ited role in our Nation’s governance."

"And the Court’s role confusion persists when it takes up
the merits. For years, this Court has insisted that the way to keep judges’ policy views and preferences out of judicial
decisionmaking is to hew to a statute’s text. The HEROES
Act’s text settles the legality of the Secretary’s loan for-
giveness plan. "

Elena's a textualist now, HEEEEHEEEE !

"To decide the case is to exceed the permissible
boundaries of the judicial role."

Ouch! Elena says that the case decision is UNCONSTITUTIONAL!

"And that means the Court, by deciding this
case, exercises authority it does not have. It violates the
Constitution."