Quote: “ as ruled on by the supreme court in the Collins case.” End of Quote
The SCOTUS did not rule anything. The court voted a no contest.
The Plaintiffs brought the wrong lawsuit. The federal statutes ( THE LAW ) was not mentioned at all before the SCOTUS.
The Federal statutes are the Charter Act, the Safety and Soundness Act of 1992, as amended by HERA, and Administrative Procedures Act, and potentially the Chief Financial Officers Act. None of the litigation made any claims of violation of these acts.
All the lawsuits challenged the actions of the Conservator within the terms of the SPSPA... AND The Supreme Court basically said we will not rule or give Judgment are act as an arbitrator on the contract the SPSPA. So, the NWS was not validated as legal or illegal by the Court: The Court dismissed the lawsuit.
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