Replies to post #667740 on Fannie Mae-No Politics (FNMA)

[Guido2]

There are 4 items SCOTUS has been asked to rule on. One, in Mnuchin's appeal, is to rule on whether anyone other than FHFA has the right to bring a suit during conservatorship. An affirmative ruling revives suits previously dismissed. Thanks Mnuchin.

[tutt1126]

Quote "while the BIG LIE is still peddled by many, I believe there were a number of "investigations" that showed the gse did NOT cause the crisis,"

False !
But I don't want to talk.

[camaro4me]

Would not shock me one bit.

while the BIG LIE is still peddled by many, I believe there were a number of "investigations" that showed the gse did NOT cause the crisis, but rather putting them into cship MAY HAVE been the final straw ... in either case, I believe even in Lamberth's original decision he intimated that HERA itself might be unconstitutional (anti-injunction clause) ... but no one took the bait ... so unless scotus shocks almost everyone and voids the cship, the only constitutional issue on the table is termination for cause and retro/prospective remedy ... I suppose the other wild card is allowing direct claims (which would revive and/or allow many other suits, including Wash Fed), but I've never understood which part of Collins put direct claims on the table

[Donotunderstand]

The final Senate House Report does NOT blame F and F

(a first round R only minority report did blame F and F - and then all but the author (I forget the name but he hated F and F) - peeled off so the final report was I think 8 of 9 members saying it was say 90% the fault of greed and TBTF bank shenanigans

That does not mean F and F were in great shape

That is an entirely different discussion

Was F and F in need - or did it have the appearance to the public that it was in need --- some here say no - and some like me recall that GAAP accounting showed a PAPER loss

leave it at that

but the whole mess ? History has spoken and its not F and F