Replies to post #681396 on Fannie Mae-No Politics (FNMA)

[Lajrchamp]

Thanks. Key word is "incidental." Any benefit to FHFA is exactly that, incidental to the conservator fulfilling the statutory duty of nursing the wards back to health. If FHFA were to somehow benefit from that, so be it. For the conservator to act primarily to benefit FHFA while leaving its wards perpetual paupers is like putting the trailer in front of the truck.

This waiting is driving me nuts, but it can't be too long now. I see an easy smackdown of the NWS, but a potentially divided court where the remedy is concerned. Such cases usually mean lots of concurring and/or dissenting opinions, which adds time. Well, at any rate, good luck to you and to all.

[bcde]

"HERA says "may be in the best interests of the FHFA" in an incidental powers section just seems bizarre to me!"

The judges who supported FHFA on this, made mockery of rule of law. It is shame that such judges are still deciding cases for common people.