Anonymous ID: 69db4f June 23, 2021, 8:45 a.m. No.65549   🗄️.is đź”—kun   >>5562 >>5591 >>5592

U.S. Supreme Court bolsters presidential power over housing finance agency

 

The U.S. Supreme Court on Wednesday made it easier for President Joe Biden to remove the head of the federal housing finance agency while also nixing separate claims brought by shareholders of mortgage finance companies Fannie Mae and Freddie Mac.

 

The court on a 7-2 vote upheld part of a lower court ruling that the Federal Housing Finance Agency’s structure is unconstitutional under the separation of powers doctrine because the agency’s lone director is insufficiently accountable to the president.

 

But the justices unanimously faulted the lower court for allowing the shareholders to pursue separate litigation challenging a 2012 agreement between the FHFA and the Treasury Department arising from the government’s rescue of the mortgage finance firms following the 2008 housing crisis. The court, in an opinion authored by Justice Samuel Alito, sent the case back to lower courts on whether the shareholders can obtain compensation based on their constitutional claims. The court noted, however, that the shareholders could not seek to void the 20212 agreement altogether. Alito also cast doubt on the notion that any subsequent FHFA decisions implementing the 2012 agreement could be cast aside either, saying “there is no reason to regard any of the actions taken by the FHFA ... as void.”

 

The ruling triggered the largest sell off in Fannie Mae and Freddie Mac in years in late-morning trading. The 37% drop in Freddie Mac shares was the largest since 2017 while the 39% plunge in Fannie Mae’s stock was the largest since 2013. The FHFA is led by a single director who until Wednesday’s ruling could be removed by the president only “for cause.” The Supreme Court ruling, in line with a similar decision last year concerning the Consumer Financial Protection Bureau, will give Biden and future presidents the authority to remove the head of the agency at any time. The FHFA’s current director is Mark Calabria, who was appointed to the post by former President Donald Trump, and the ruling would make it easier for Biden to remove him if he chooses to do so.

 

The Supreme Court in a separate case involving the Consumer Financial Protection Bureau (CFPB) ruled in June 2020 that the agency’s single-director structure was unconstitutional, deciding that the president should be able to fire the director at any time. The 2012 agreement eliminated dividend payouts to various shareholders and required Fannie and Freddie to pay the U.S. Treasury an amount equal to their quarterly net worth each quarter, which now totals billions of dollars. Fannie and Freddie shareholders Patrick Collins, Marcus Liotta and William Hitchcock sued the FHFA and the Treasury Department in federal court in Texas in 2016 arguing that the 2012 agreement, sometimes referred to as the “net worth sweep,” exceeded FHFA’s authority and should be invalidated. Trump’s administration appealed a 2019 ruling by the New Orleans-based 5th U.S. Circuit Court of Appeals, arguing that the lawsuit should not be permitted but agreeing with the challengers that FHFA’s structure was unconstitutional because it infringed upon the power of president.

 

The U.S. government in 2008 seized Fannie and Freddie, private enterprises set up by Congress, at the height of the financial crisis as they teetered on the brink of insolvency. The government took a majority stake in each and they were placed under the supervision of the FHFA, which was created at the same time.

 

The FHFA is headed by a director who is appointed to a five-year term by the president subject to confirmation by the U.S. Senate.

https://www.reuters.com/article/usa-court-housing/update-3-u-s-supreme-court-bolsters-presidential-power-over-housing-finance-agency-idUSL2N2O51EV

https://www.marketwatch.com/investing/stock/FMCC

https://www.marketwatch.com/investing/Stock/FNMA

Anonymous ID: 69db4f June 23, 2021, 8:57 a.m. No.65550   🗄️.is đź”—kun   >>5551 >>5562 >>5591 >>5592

Spanish court approves John McAfee’s extradition to the U.S.

 

Antivirus software creator is wanted in the U.S. on tax-related criminal charges that carry a prison sentence of up to 30 years.

 

Spain’s National Court has approved the extradition of detained antivirus software entrepreneur John McAfee to the United States, where he is wanted on tax-related criminal charges that carry a prison sentence of up to 30 years.

 

The decision can be appealed and the final extradition will need to be approved by the Spanish Cabinet. Tennessee prosecutors charged 75-year-old McAfee with evading taxes after failing to report income made from promoting cryptocurrencies while he did consultancy work, as well as income from speaking engagements and selling the rights to his life story for a documentary. The charges refer to the three fiscal years from 2016 to 2018, according to the Spanish court’s ruling on Wednesday. The entrepreneur was arrested last October at Barcelona’s international airport. A judge ordered at that time that McAfee should be held in jail while awaiting the outcome of a hearing on extradition.

 

In a hearing held via videolink earlier this month, McAfee argued that the charges against him were politically motivated and said he would spend the rest of his life in prison if he was returned to the U.S.

https://www.marketwatch.com/story/spanish-court-approves-john-mcafees-extradition-to-the-u-s-01624457807

 

Someone send him some dinnerware so he can eat his dick....

Anonymous ID: 69db4f June 23, 2021, 9:01 a.m. No.65552   🗄️.is đź”—kun

>>65551

Who knows at this point.

still wonder if he was drone anon at Epstein.

did a lot of gathering of those images when they came in and talked to whoever that was quite often when those put in.

Anonymous ID: 69db4f June 23, 2021, 9:33 a.m. No.65560   🗄️.is đź”—kun   >>5562 >>5591 >>5592

Kamala Harris is set to visit the border

 

The vice president will go to El Paso this week. She has previously resisted calls to make the stop.

 

Vice President Kamala Harris is heading to the U.S.-Mexico border this week, amid an unrelenting chorus of criticism from Republicans over her failure to visit there.

 

Harris, who was tasked by President Joe Biden to lead diplomatic efforts to stem the flow of migrants arriving on the southern border, will make a stop in El Paso, Texas on Friday, according to sources familiar with the trip. She is expected to be accompanied by Homeland Security Secretary Alejandro Mayorkas. A spokesperson for Harris declined to comment. A DHS spokesperson had no comment.

 

Harris and her team have repeatedly pushed back at criticism that neither she nor the president have gone to visit the U.S.-Mexico border, arguing that she is more focused on tackling the destabilizing conditions that are causing thousands of migrants from Central America to head to the border seeking refuge. That was the central message during her first foreign trip, a two-day visit to Mexico and Guatemala earlier this month. While there, Harris met with local officials and implored migrants not to make the journey across Mexico into the United States.

 

Her trip, however, was complicated by continued questions over whether she would go to the border to view the situation there. Harris’ response — in which she downplayed the need and noted that she also hadn’t visited Europe — only amplified the criticism.

 

Harris’ trip comes just days before former President Donald Trump is set to visit the border. Trump will be joined on that trip by Texas GOP Gov. Greg Abbott and a group of House Republicans. The number of migrants arriving at the U.S. southern border has soared in the months since the Biden administration took office. In May, more than 180,000 migrants were apprehended at the border, according to monthly figures from Customs and Border Protection.

https://www.politico.com/news/2021/06/23/kamala-harris-is-set-to-visit-the-border-495684

Anonymous ID: 69db4f June 23, 2021, 10:06 a.m. No.65566   🗄️.is đź”—kun   >>5591 >>5592

Honduran AF FAH001 Embraer Legacy 135 on descent for Tel Aviv Int'l from Munich Int'l depart

 

This AC departed Tegucigalpa yesterday and had a ground stop at Boston, Logan Int'l then at Shannon, Ireland and an overnight at Munich Int'l-depart se

 

Honduras to open Israel embassy in Jerusalem

 

Honduras follows the United States, Guatemala and Kosovo in opening an embassy in the contested holy city.

 

In a deepening of Honduras’ ties with Israel, the Central American country will open an embassy in Jerusalem later this month, Honduran President Juan Orlando Hernandez announced on Thursday. “We are going to formalize what we have already carried out step by step, which is the installation of our embassy in Jerusalem,” said Hernandez. Hernandez tweeted that he will visit the holy city in late June to inaugurate the embassy. Its transfer from Tel Aviv, he said, “will empower us on the agricultural side, in the field of innovation and in the field of tourism.” After Chile, Honduras has Latin America’s largest Palestinian population and in 2011, recognized Palestine before establishing diplomatic ties with the Palestinians in 2013. But in a blow to the Palestinians, Honduras was one of just nine countries to vote against a UN resolution in December 2017 asking member states not to relocate their diplomatic missions to Jerusalem. The vote came as US President Donald Trump formally recognized Israel’s capital as Jerusalem, and months later the US Embassy was moved from Tel Aviv to Jerusalem. Jerusalem is sacred to Judaism, Islam and Christianity. The Palestinians want east Jerusalem, which Israel captured in the 1967 Six-Day War, as the capital of their future independent state. Israel views the disputed city as its "undivided capital."

https://www.al-monitor.com/originals/2021/06/honduras-open-israel-embassy-jerusalem