Replies to post #450832 on Fannie Mae-No Politics (FNMA)

[ewtrader]

Is there a law or statute that may have been violated well that depends on how the settlement is looked at....

Were the settlements being misappropriated to third parties a wrong doing towards the corporations, hmm yes but within the conservatorship maybe the settlement was determined to be property of the government in the belief of the director at the time and of course is wrong but there are those that would like to argue that the twins settlement belongs to tax payers ...

Here's a great reference - see the following link for answers on statutes and laws that state that the funds could not be appropriated to third parties ...

https://fedsoc.org/commentary/publications/the-justice-department-s-third-party-payment-practice-the-antideficiency-act-and-legal-ethics