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Re: RickNagra post# 782571

Thursday, 01/18/2024 3:27:03 PM

Thursday, January 18, 2024 3:27:03 PM

Post# of 796689
Rick: I know you're kidding. Robert and others have discussed Chevron many times on this board. What follows is for the newbies here.

About 40 years ago, in a case relating to Chevron, SCOTUS decided that the courts were not experts in all fields and that they should defer to the expertise of the government regulators to interpret the laws relating to the industries they regulate. This has been referred to as the Chevron deference. Over the years, the goverment agencies have been abusing this deference. Worst of them is FHFA. Attaching a link that explains this in more depth.

https://www.law.cornell.edu/wex/chevron_deference