Replies to post #255095 on Fannie Mae-No Politics (FNMA)

[jeddiemack]

One thing that lamberth ignores is that you are either "appointed" a conservator or a receivor. You are not appointed both and you can't just "morph" from one set of duties to the other. You have to be "appointed" and the set of duties are mutually exclusive.

In the section that it suggest not subject to review by other federal agency, be mindful that is really silly, because that would mean the fhfa, acting as conservator would be acting without regard to the rules or regs of, for example, the irs, the fdic, FDA, CDC, FBI, Secret Service, treasury etc, etc., That would be highly improbable...

So, for example as conservator this suggests it could print its own money, impose its own taxes, and all kinds of other things, what fun. But, illogical.

[Donotunderstand]

From Epstein re Lamberth and appeal - and I think ?? a major issue for Fairholme in discovery and their attack plan

Third, he refuses to allow any evidence on the possible collusion between FHFA and Treasury in fashioning the Third Amendment.

As far as I know - contract law says there must be two parties to a contract and reasonable voluntary consideration by both

If TREA and FHFA in essence were ONE party --- third amendment must be found to not exist - IMO as a TV Atty and a whole of business law in a course 30 years ago (or more)