Replies to post #782883 on Fannie Mae-No Politics (FNMA)

[Robert from yahoo bd]

The banks seem poised to challenge their federal regulators requirements for holding yet more Capital: (todays WSJ): "Banks have spent more than a decade since the financial crisis showing relative deference to regulators. Now big banks have signaled they are considering legal action, something they rarely do. To help craft a legal strategy, the Bank Policy Institute, an industry group, has hired Eugene Scalia -- a frequent scourge of regulators and the son of late Supreme Court Justice Antonin Scalia.

"The banking industry never expected Congress to fix this proposal, but the pressure they've applied ensured that the chorus clamoring for changes is loud enough to be heard and heeded by the Fed," said Isaac Boltansky, director of policy research at financial-services firm BTIG.

Heightened capital requirements could make it harder and more expensive for consumers and small businesses to get mortgages and other loans, banks and some lawmakers say."

[Donotunderstand]

come on - now -
playing - enjoyably but not persuasively - with words

Here is what you said in italics - and then what it means in bold - just playing with different words

Eliminating Chevron Deference would simply require the federal agencies interpretation and implementation of their enabling Statutes to be defended by them and withstand scrutiny in the forum of the federal courthouse.

This would put another check and balance on federal government agency overreach and would be a win for Americans Liberty and Freedom.

When an agency wants to do something it needs the permission and approval of the courts .

(my favorite is the word "simply" ---- translation --- every time they want to do something they need to ask permission ?) Sorry but MQD can easily become SIMPLY a two step process to kill functioning Government and put all the power in the KINGS Washington feared - spelled C O U R T. Imagine if every time a CEO wanted to do something they needed to run it by the BOT or BOD - "simply"