Replies to post #617665 on Fannie Mae-No Politics (FNMA)

[955]

“12 U.S.C. § 4617(f) bars declaratory or injunctive relief against [FHFA] unless it acted ultra vires or in a role other than as conservator or receiver.”

NWS FOREVER was an action in and of itself that demonstrated FHFA acted in a role other than as conservator or receiver. It was an act that violated the "preserve and conserve" mandate to restore F&F to a "sound and solvent" condition. This action alone enables court intervention per 4617 (f) and calls into question every other act of the 'conservatorship' including justification made for it. If FHFA cannot adequately judge what needed to be done to nursemaid these 2 companies back to health, the entire 'conservatorship' MUST be called into question.

[955]

Well said jeddiemack! It was a cop out and now the whole country will suffer the consequences. Unless there is unity on purpose, there can be no unity on right vs wrong. The division down the middle, 5-4, indicates a lack of unity.

What blows me about this seila decision to just " make them responsible to the president" is that it 100% ignores that prior to then (now) they were not. Meaning, all the prior decisions were made on their own and without deference to or concern with what the president wanted, meaning that all of the decisions made, daily, were without this base "understanding" cause until now...

who cares what president x said, we can do our own thing,,,,

Which means, all the other things done were not subject to oversight and meaning that the public had no say.

What blows here is what should occur here is the stop... prior choices and decisions whatever they may have been, paint the office, blue, green or yellow... two ply or not... paper or plastic.... all of them from the mundane to the ubber important, all of them were without regard to a third party, ie.the president.

So, all of them were misaligned decisions and should be vacated. Yep, sounds harsh, but how else to solve this mess?

Cause what they did ... just saying... never mind is simply a punt of responsibility.

Man or women up Roberts and get it right.

you can do better than that we expect it.

.....

or...

if they can sever things... so or why can't other judges... and just cut things out or heck... add them in.. why not. Which is btw stupid as well.

But, hey wrong is still wrong.

As for fhfa... they need to strike their entire existence and make people give back what isn't theirs.