Yes Obit. There is clearly a conflict between the law as outlined by HERA 2008 and the current governance policies for FnF enacted by Treasury and FHFA and reiterated by Congress and the Administration.
If such statements about recapitalizing the housing trust funds were made to simply appease democrats, did they not consider the ramifications of these statements as they relate to FnF oversight? Surely so, in light of pending litigation?
I think it was Epstein who mentioned that Fairholme et al would be wise to hire somebody to simply track every statement made by government appointed and elected officials to demonstrate these unlawful contradictions. It seems as though many anti-FnF advocates are in rhetorical quicksand...the more they open their mouth, the deeper the pit becomes.
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