Replies to post #190954 on Fannie Mae-No Politics (FNMA)

[Wesdawg]

Very nice.....up to this point the gov was doing their best Sylvester Stallone imitation....."I am Judge Dredd, I am da law".

[bmp152]

Right on navycmdr! If you watch the video it's pretty obvious that Lew completely avoids Toomey's questioning by trying to deflect back to previous questions on Ukraine. The violation of the rule of law is blatant. He's likely embarrassed by the actions of his predecessor (Timothy Geithner) but is trying to save face for his institution (Treasury).

I think that Congress knows they violated the rule of law in regards to the net worth sweep. Recent rhetoric by Crapo, Warner, and others are alluding to the courts having ultimate say in what their legislation can accomplish or legally do. For this reason alone, I do not expect these reform bills to move anywhere until the courts have outlined what is legally allowable and how/if shareholders should be compensated.