HERA was enacted in 2008 with Sweeping Powers granted to the FHFA at a time of great financial turmoil. The August 17, 2012 NWS was totally unnecessary and contra to acting as a conservator. The NWS was a Defacto Nationalization of two private corporations.
So, IF the USSCT eventually rules one-day that the NWS violated the Major Questions Doctrine (because a Nationalization of the 2 lynchpins of the American Secondary Mortgage Market is a Major Question of Economic Importance that should be decided by our ELECTED representatives in Congress, NOT Ed DeMarco) THEN that would likely be a good thing for the Plaintiff Shareholders, right?
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