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YanksGhost

10/28/19 12:14 PM

#573156 RE: cclose1 #573145

No, the Judgement Fund cannot be applied in the case of FHFA because an alternate remedy exists which is to assess the GSEs for the damages awarded. It can only be used when the decision is final, either by a court of final authority that cannnot be amended, appealed or changed and where a consent settlement prevents any such occurrence. This would be highly unlikely.

The Judgemant Fund resolves primarily smaller claims and, in my memory, has never paid out any claim in the area of $30 B without additional Congressional authority being granted.