Replies to post #684288 on Fannie Mae-No Politics (FNMA)

[Robert from yahoo bd]

Seems to me that if the court requires the current Senate confirmed FHFA Director to ratify the nws, he will not because the nws is antithetical to what a conservator is statutorily required to do. He may have already directed someone on his legal team to draft the required refusal to ratify the nws to be released immediately after the SCOTUS opinion.

If MC does ratify the nws (seems extraordinarily unlikely) then the 5th Circuit EnBanc Panel ruling has already opined that the nws is ultra vires.

Either way, it seems like the days of the nws (and ultimately the 12.75 year temporary conservatorship) are numbered.