Replies to post #438449 on Fannie Mae (FNMA)

[bcde]

"Because HERA allowed it. HERA is as much the law as any other laws. "

rek,
Thanks, Your point raises many more questions than the one question it answers.

If Congress bestows such broad powers on private entities, then it fundamentally violates Constitution against delegating executive authorities to private entities. Only executive branch agencies can have such Gov authorities limited by principles of checks and balances.

In FnF case it is the private entity that has such unchecked broad executive powers. The paradox is one of the most powerful Gov agency depends on such private entity to ignore and violate the very laws that authorizes the private entity.

It is like snake trying to eat its own tail. This goes against many constitutional principles like required minimum congressional delegational guidelines and congress can not delegate its legislative responsibilities.

One of the plaintiffs have raised this issues in their complaints.

[Donotunderstand]

438449 bears repeating

HERA is a law

no different than other laws

HERA denies us ability to sue and adds to that a denial of courts to review (other than the part sent back by the appeals court)

so far no court has disagreed --- and yes one judge disagreed