Posted on November 18, 2017
$fnma #fanniegate so I am not posting the other waivers of Fannie and Freddie but I guess they aren’t filing stuff in scotus Investors Unite filed an amicus brief in support of Perry’s petition, and a copy is attached to this e-mail message. Michael Krimminger at Cleary Gottlieb forcefully tells the High Court, based on his experience at the FDIC and his participation in drafting HERA, that nobody ever imagined FHFA would take every step possible to prevent rehabilitation of its wards and then hide behind sec. 4617(f) to argue that nobody can question that improper action.
Fannie Mae and Freddie Mac have elected to not to respond to respond to Perry’s petition, and copies of their waiver documents are also attached to this e-mail message.17-580-0004