Replies to post #686787 on Fannie Mae-No Politics (FNMA)

[Havoc5]

Yes, as Gorsuch writes in the opinion.

Let's hope the lower court follows relief precedence for Article 2 violations to highlight the issue.

[FOFreddie]

Kthomp and Robert - regarding precedent - what do you think this portends for Farmer Mac? - are there others? How about the implied full faith or is it fool faith? Seems like there is a lot of interest rate risk on the UST balance sheet and all the implied full faith debt - perhaps Congress can change the regulations and then give the HERA power to new regulators to do what they want?

[Mnemonic]

That is certainly a fear I have. Jeremy Cain wrote a great tweet about this, showing that even FDIC conservators have their own "self-interest" clause.

As bad as the Collins ruling was for shareholders, its potential precedential effects are even more chilling.

So the question is, if this proves to be a bad ruling that misinterpreted of the law, what recourse does anyone have? I know SCOTUS has overturned itself before, but this doesn't seem very likely.