Replies to post #334149 on Fannie Mae-No Politics (FNMA)

[Sogo]

Excellent reminder! Thanks! It's radical socialism disguised as ho-hum banking/housing policy decisions.

People, wake up. See how this gvt is no better than Mussolini or the USSR. When those such nations did things like this (simply forced companies to fund social policies) people here in the US were outraged and identified such efforts by name (fascism, communism). But now they are happening here and no one outside of shareholders is even aware of it. Remember, fascism in Italy featured gvt representatives taking part IN COMPANY BOARD MEETINGS! We know this does happen here (The Fed, although technically not strictly a gvt entity) has admitted (Yellen has) that she often sat in on company board meetings in her previous post. That is not a free country when that happens.

I had almost entirely forgotten that part of why HERA was wrong (redistribution funded by private companies, not by taxes). I was so focused on the fact that IN the text HERA says something unconstitutional (that this law is not subject to judicial review). I've read some attempts at explaining how that can be legitimate. But i tell you, it cannot. If justices had any balls they would defend the constitution instead of, over the decades, allowing such blatantly unconstitutional laws to creep onto the books and not challenge or refute them.

[955]

HERA is ILLEGAL. Third Amendment Sweep is ILLEGAL. 'Conceivership' is ILLEGAL. Warrants are ILLEGAL. Congress is ILLEGAL. Obama is ILLEGAL. Elections are RIGGED.

ANYONE noticing a pattern here?

The HERA law is fk up, HERA legislates 2 private companies to distribute amounts of shareholder profit money for a government social policy ( Affordable Housing Trust Fund ). The government by law is supposed to fund its socia programs through taxes, that is the only source of revenue allowed to fund government programs. The government initiate a contract called a charter that dictated the relationship between FnF . Originally, FnF was to provided liquidity to the mortgage market by buying loans from banks. Clinton comes along and changes the charter by putting FnF under HUD CONTROL with the intention of forcing FnF to accept a percent of undesirable credit risk. Under HERA it is the intention of FnF to accept undesired risk quota and 90 % of the trust funds will be used for rental money for welfare and low income. Wait a minute ! Wasn't that HUD's Budget Item funded through federal revenues ? So what happen to HUD's desiginated funds for Housing ? The point is the constitution does not allow the government to make a law that designates a company or individual to be taxed singalarly for the purpose of funding a a government social policy. Illegal uncstitutionall forbidden. HERA IS ILLEGAL,.

Now , given that premise true, after reading that part of the settlements with the TBTF banks was a financial contribution to Affordable Home Trust erc.. I do not recall if those were in perpituality or limited , but again how is that legal though deserving after others harmed brought whole? Those settlements too soft, but point to one conclusion that this financial crisis was intended to create funds for affordable housing, it is so obvious. The bad loans, FnF takings , bank settlements, the media silence, civil rights groups making demands to make homes affordable through subsidizing by anyone but government,