Fannie Mae-No Politics (FNMA)

[Robert from yahoo bd]

Great article Clarence, thanks for the link!

Lost on the federal government decision makers in the GSE'S case seems to be the realization that by 'bailing out' the GSE'S and providing a ready and willing buyer of the toxic PLS MBS, the federal government was saving hard working middle class families from a further aggravated downturn on the American Families BIGGEST Asset on their balance sheet, their home.

Pg. 466 "...the government, as a matter
of administrative law, has been exploring the outer limits of its permissible
authority in what it views as a time of crisis and, in so doing, conducted the
management of the crisis through the two institutions least constrained by
the law—the Treasury Department and the Federal Reserve."

Clarence (or anyone), as you may be aware, I'm a big fan of the MQD, as articulated recently in Biden v Nebraska and last term in WV v EPA.

I'm just curious about what you're initial, shooting from the hip thoughts were, if the following were in fact true:

1. There's a 6 year Statute of Limitations on Constitutional Challenges to federal agency action.

2. The NWS is determined or alleged to have been ongoing from August 17, 2012 to SM and MC's amendments beginning in 2019 that allowed the corporations to retain capital.

3. The NWS was Unconstitutional agency(s) actions in violation of the MQD and therefore void.