Fannie Mae-No Politics (FNMA)

[Barron4664]

No they didnt lose. The APA doesnt apply to the actions of a conservator under HERA. APA deals with rule making. I contend that the FHFA as regulator violated the APA when it allowed the FHFA as Conservator to sell to treasury a new novel investment product consisting of senior shares with an illegal commitment fee or charge in the form of a variable liquidation preference based on the amount of money leant from the Government’s treasury. This is a magical commitment fee whose form can change with the stroke of a pen. The statutory APA requirements for such a new investment product are written in the Safety and Soundness act of 1992. Well to continue the theme. The corrupt plaintiff Attorneys, or as FFF likes to say the dumb attorneys didn’t bother to bring an APA claim based on the actual laws that matter, choosing instead to play in the HERA actions of a Conservator sandbox. You know the actions that Congress bared the Courts to review? What a great idea, let’s ignore all the laws governing the GSEs and FHFA and instead focus all our efforts for 16 years on the actions of FHFA as Conservator. Now the Statute of limitations has run out. Better hope Crazy Carlos is right.