Replies to post #407976 on Fannie Mae-No Politics (FNMA)

[rekcusdo]

"A "contract" between Gov (Treasury) and itself (FHFA) is no valid contract. "

Of course, you can say that in a propaganda fashion (and perhaps it is even logistically true)...but legally speaking, FHFA is not part of the government, and therefore contracts are binding.

Let's also not forget that Watt wasn't even around when the contract was formed for the NWS. Therefore, it would be unreasonable to expect him to stick his personal neck out to breach what is LEGALLY a binding contract.

Also, even if you are 100% correct and the contract is not valid (as a court may find one day), you can't reasonably expect WATT to be the one to act on that invalidness before a court has found it as such.

[trunkmonk]

actually if mnuchin told watt to end it, it would be proof that they are both government entities, even though we all know they both get government checks. once he does this, then lawyers have no defense, contract would be invalid altogether and people would be in big trouble.

[jeddiemack]

So, watt can't end it because it would be breach of contract....

Well now, someone forgot to read HERA which clearly according to the perry appeal indicates that fhfa can do what ever it wants to and its beyond ANY judicial review.

Since a breach of contract would only be enforceable if it were brought before a court and judges are precluded from reviewing any thing the conservator does in its role of conservator .... then,

guess what genuises

Watt can do darnwell whatever he wants.

including breaching some silly ole contract...

lol!