Fannie Mae-No Politics (FNMA)

[Barron4664]

The problem is not with the rulings of the courts. The problem is and always has been that the plaintiffs attorneys have only challenged the “Actions of the Conservator” such as the NWS or other provisions of SPSPA which is a contract. 4617f bars courts from questioning the actions of a conservator. As it should. None of the 15 + years worth of court cases have challenged the action of the FHFA as regulator or Treasury with respect to the statutes that actually matter. The charter act, safety and soundness act, chief financial officer act, etc. To get a takings or an illegal exaction verdict, you have to show that the gov broke the laws. The actions of the conservator cant break a law. But if you go before a judge and say the SPSPA is bad and the gov stole our companies and limiting the argument to the specifics of the SPSPA agreement and the amendments you get 15 years of no results. Had they brought before Lamberth in 2013 any statutory claim involving the actual statutes with regard to the GSEs, then this probably would have ended a long time ago. It almost seems that the plaintiff attorneys have operated as some type of controlled opposition to run the statute of limitations out. A conspiracy. How can 15 years go by and nobody filed a court case based on the charter act. It is like Ray Epps, after 2.5 years, now he gets indicted for 1 count misdemeaner. With GSEs, we get a little victory for Hamish Hume. Look how great the attorneys are, they are fighting hard for us.