Replies to post #539729 on Fannie Mae-No Politics (FNMA)

[TRCPA]

The thing that puzzles me is how Mnuchin/Calabria/et al, allowed themselves to get backed into the corner in this way. All along, they were dismissive of any of the lawsuits.

Most of us here have felt for many months that en banc would more than likely rule for the plaintiffs, based on the hearing. Treasury/FHFA, however, basically chose a position early on of acceptance of whatever rulings would come down, giving them little or no weight.

Did no one foresee a harsh review against the feds coming until the last minute?? That's a little disconcerting, when considering these guys are also running the recap and release show......or at least they are for now.

Maybe the en banc judges will be the ones truly running it from behind the scenes now.

[bcde]

To be sure, this will be settled at the Supreme Court level UNLESS both parties decide not to appeal the En Banc ruling.

chessmaster315,

Instead of further litigations, Congress and Administration may go for multiple member Commission structure for all independent agencies. This is already under consideration by some lawmakers.

[TRCPA]

Yes, I believe the ruling has been very recently finalized, and the court.....knowing that FHFA/Treasury is in the process of formulating its plan on this major issue......gave them a first look/heads up, out of courtesy.

Whether or not they anticipated the letter coming back from FHFA is another question.....followed by the second question as to whether they believe it has any legal grounds at this point.