Replies to post #744073 on Fannie Mae-No Politics (FNMA)

[5bagger]

Kthomp - Couldn't agree more lamentations on should-could-would are useless

Where does it go from here.

I expect the legal team will be on some other pathways, even at this hour.

Hindes is not wrong about the something that can't stay forever in fact doesn't.

Conservatorship will not be around forever.

[Robert from yahoo bd]

Well, what do you think about the Seperation of Powers issue in CFPB that recently came out of the 5th Circuit Appealate Panel and the DOJ has petitioned for a Writ of Certerrori at the USSCT, it's about invalidating a past agency decision due to the unconstitutional double insulated from Congressional Appropriations Oversight funding for the CFPB in Dodd Frank?

[LuLeVan]

You have a very pragmatic view, which is appropriate if one wants to profit from (political) developments as an investor.

A big problem, however, is that the Supreme Court, with its recent decisions on Fannie and Freddie ("NWS was not a taking"), is putting itself above the U.S. Constitution, which provides that the state must pay damages to the expropriated in the event of nationalization. If politics and the courts increasingly allow arbitrary decisions and this becomes the new maxim of the state, the political system may drift toward dictatorship, and at worst even toward fascism.

As an individual, one may benefit from these developments. For society as a whole, this tendency is alarming and ultimately not desirable.

As bizarre, incomprehensible, and stupid as I think those rulings are (and I know I am not alone in that opinion), that's the reality we have to deal with.