The court is suppose to be narrowly focused on the limited question of law in front of them. While the SCOTUS decided WITHOUT HEARING THE FACTS BEHIND THE ACTUAL REASONING OF THE FEDERAL GOVERNMENT'S DECISION TO IMPLEMENT THE NWS, they said that it was okay because it "may be in the interests of the public the FHFA serves."
I think that there is a Takings Case floating out there in litigation land and it will be interesting to see how the federal Judge in that case comes up with a reason to deny the shareholders any relief from a CLEAR VIOLATION OF OUR CONSTITUTIONAL RIGHTS!
Sad, but at some point the federal government may finally realize that by keeping its fat thumb on the scales of the Secondary Mortgage Market that they are doing a tremendous disservice to the Americans they are suppose to be serving and housing costs continue to sky rocket.
Eventually the MBA, NAR, and NAHB will realize that they are better off with private corporations calling the shots and not the latest whim of the latest political party in power.
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