$FNMA #FANNIEGATE

A group of three law and finance scholars delivered their amicus brief to the High Court this afternoon, telling the Justices the Third Amendment is a crooked deal and the government is not above the law even when it's donning its economic firefighter helmet.  A copy of the brief is attached to this e-mail message.

19-422-0014Download

Two more amicus briefs in support of the Collins Plaintiffs were filed this afternoon by:

     * Doc. 12 -- Thomas P. Vartanian, with vast experience in FDIC rehabilitations and liquidations, says HERA' anti-injunction provision at sec. 4617(f) doesn't mean anything close to what the government says it does; and

     * Doc. 13 -- Jones Day's Institutional Investor clients, focusing on the absurdity of the government's interpretation of HERA's succession provision at sec. 4617(b)(2)(A);

and copies of those briefs are attached to this e-mail message.

19-422-0013Download

19-422-0012Download

The High Court received amicus briefs in support of the Collins Plaintiffs today from:

    * Doc. 9 -- Americans for Prosperity Foundation, urging a meaningful remedy for a violation of the separation of powers, meaning vacature of the Net Worth Sweep (and overrule the 1935 Humphrey's Executor decision);

    * Doc. 10 -- New Civil Liberties Alliance, in opposition to the Court-appointed amicus who will argue FHFA's structure is constitutionally okay; and

    * Doc. 11 - Pacific Legal Foundation, also urging the Court to overturn Humphrey's Executor so Congress may never again insulate independent agencies from presidential control and set aside the Net Worth Sweep;

19-422-0009Download

19-422-0010Download

19-422-0011Download

and copies of these three briefs are attached to this e-mail message.