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Replies to post #228401 on Fannie Mae-No Politics (FNMA)
stockprofitter
06/24/14 10:47 AM
#228405 RE: 955 #228401
06/24/14 10:49 AM
#228408 RE: 955 #228401
"This lawsuit seeks to uphold the rule of law," said Theodore Olson, partner at Gibson, Dunn & Crutcher and former Solicitor General of the United States. "HERA established very specific rules about the government's limits and obligations under conservatorship. Investors had every right to expect these rules to be followed. If the government wanted to assume the powers of receivership, it could have chosen that course. Instead it chose conservatorship, and with the Sweep Amendment it overreached, exceeding the legal boundaries of the statute and failing to meet obligations of conservatorship mandated by Congress under HERA."
tuzedaze
06/24/14 11:00 AM
#228418 RE: 955 #228401