Tuesday morning on the Tennessee Star Report, host Michael Patrick Leahy welcomed Cap Wealth Management’s financial advisor Tim Pagliara to the studio to outline the concepts of Freddie Mac and Fannie Mae institutions.
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Tuesday morning on the Tennessee Star Report, host Michael Patrick Leahy welcomed Tim Pagliara of Cap Wealth Management in the studio to weigh in on the pending lawsuit pertaining to the violations of the Administrative Procedures Act.
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Tuesday morning on the Tennessee Star Report, host Michael Patrick Leahy welcomed Tim Pagliara of Cap Wealth Management in studio to talk about his new book and the dynamics of the 2008 financial crisis.
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Joe Biden promises to bring the Obama years back with a vengeance. One thing that’s likely to return is government slush funds for left-wing groups. Unless Trump takes decisive action, one of the biggest piggy banks for the Left will come from the Federal Housing Financial Agency (FHFA).
The Supreme Court on Wednesday will hear Collins v. Mnuchin. The case is a complicated matter that involves government management of Fannie Mae and Freddie Mac and how independent it is from the administration. The federal government placed both under conservatorship—meaning federal management—during the 2008 financial crisis. The agency in control was the Federal Housing Financial Agency. A federal appeals court previously ruled FHFA’s structure unconstitutional.
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by John-Michael Seibler “You’re fired.” President Donald Trump will soon be able to use his famous catch phrase against the head of a troubled federal agency, the Fair Housing Finance Agency, which is led by a single Obama appointee with no meaningful oversight from the president. The 5th U.S. Circuit Court of Appeals ruled this week that the agency’s structure is unconstitutional. In Collins v. Mnuchin, a three-judge panel of the 5th Circuit issued a per curiam opinion holding that Congress unconstitutionally “insulated the [Fair Housing Finance Agency] to the point where the executive branch cannot control the [agency] or hold it accountable.” The judges sent the case back to the district court, ordering it to strike down a statutory limit (in 12 U.S.C. § 4512(b)(2)) on the president’s power to remove the agency’s director. This is an important decision for our government’s separation of powers and for keeping the executive branch agencies accountable to the president. An Unaccountable Agency In the wake of the housing market collapse, Congress created the Fair Housing Finance Agency as part of the Housing and Economic Recovery Act of 2008, hoping it would rehabilitate two government-sponsored entities that had become insolvent: the Federal National Mortgage Association and the Federal…
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