Notice: the argument doesn’t include the conservator at all. The argument is the FHFA / Treasury violation of the law.
Rodney5 12/02/23 6:19 PM Post #776586 on Fannie Mae-No Politics (FNMA) Barron makes an excellent argument, how to win… The mistake of the current lawsuits the attorneys are going after the conservator! The lawyers failed to mention Federal Law.
Barron said, “ I propose claims alleging illegal exaction due to Treasury and FHFA violating Federal statutes that any district court has jurisdiction over. The Federal statutes are the Charter Act, the Safety and Soundness Act of 1992, as amended by HERA, Administrative Procedures Act, and potentially the Chief Financial Officers Act.
None of the current litigation makes any claims of violation of these acts. They all challenge the actions of the Conservator and attempted to squeeze the APA and the 5th amendment takings into the Actions of the FHFA-C within the terms of the SPSPA. all have failed to this point.”
Anyone on this board interested should read through our Friend Barron’s post.
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