Replies to post #744638 on Fannie Mae-No Politics (FNMA)

[justradin]

There is no 4th branch. That's the point. There are 3 branches of government. We're seeing this Supreme Court rope that nonsense in.

https://twitter.com/HaroldWren11/status/1612246803008868352?t=U-qHXPo3UlENqJSn59_XsQ&s=19

"In deciding WV v EPA, SCOTUS ruled that EPA exceeded its authority & that chevron deference DOES NOT permit an agency to make rule changes that effectively modifies existing laws or would create new law."


More in that thread on the ATF as well.

[Robert from yahoo bd]

Always enjoy your insights, as you like me have been in the area a long time. Your life time working with federal agencies offers a nice perspective.

Professor Philip Hamburger wrote an interesting book on the history of federal agencies in America and is very knowledgeable about the interaction between the Law and federal agencies.

From my limited understanding the federal agencies have expanded from the 1st one, the ICC (created to reign in some of the anti competitive behavior of the railroad barrons in the late 1800's) to today. President Woodrow Wilson advocated for a strong administrative state and both FDR (Fannie Mae's birth as a government agency) and LBJ (Fannie Mae's birth as GSES) expanded them rapidly.

The 1984 Chevron decision, as I'm sure you're aware, expanded the deference and latitude of freedom for the federal agencies to interpret the meaning of their enabling statutes.

However lately it seems the SCOTUS is beginning to reign in these federal agencies so it will be interesting to watch and see.