The Collins plaintiffs never asked for 4617(f) to be overturned anyway (in fact, their Supreme Court brief also assumes the legality of 4617(f)!), and the Fifth Circuit en banc panel didn't address its legality either.
Excellent points! Can't argue with these FNMA Facts.
Given the oral argument is for one hour only, I think the judges already have conclusion. Just not sure it’s to stop the NWS or with penalty. The initial 10% interest rate is also unreasonable, given all other TBTFs bailout are for 4% only. The whole thing is a stick up, IMO.