Supreme Court Grants A Reprieve To Agency That Runs Fannie And Freddie
But the court agreed that the Federal Housing Finance Agency has a design flaw that violates the Constitution: The president must be able to remove the agency's director without cause.
Updated June 23, 2021 at 12:57 PM ET
The Supreme Court on Wednesday declined to dismantle the federal agency that since the Great Recession has overseen the American mortgage giants commonly known as Fannie Mae and Freddie Mac. But the court made it easier for the president to remove the agency's head, who until now could
