Perry Capital LLC v. Mnuchin
Court of Appeals for the D.C. Circuit
1Opinion of the Court
Dissenting opinion filed by Circuit Judge BROWN.
MILLETT, Circuit Judge, and GINSBURG, Senior Circuit Judge:
In 2007-2008, the national economy went into a severe recession due in significant part to a dramatic decline in the housing market. That downturn pushed two central players in the United States’ housing mortgage market—the Federal National Mortgage Association (“Fannie Mae” or “Fannie”) and the Federal Home Loan Mortgage Corporation (“Freddie Mac” or “Freddie”)—to the brink of collapse. Congress concluded that resuscitating Fannie Mae and Freddie Mac was vital for the Nation’s economic…
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