Legal Opinion
Thomas Saxton v. Federal Housing Finance Agency
Court of Appeals for the Eighth Circuit
Decided August 23, 2018No. 17-1727PublishedCited by 26 opinions
1Opinion of the Court
KELLY, Circuit Judge.
Three shareholders claim that the federal agency Congress created to serve as conservator of Fannie Mae 1 and Freddie Mac 2 exceeded its powers and acted arbitrarily and capriciously. Four of our sister circuits-the Fifth, 3 Sixth, Seventh, and D.C. Circuits-have already rejected materially identical arguments from other shareholders. Today, we join them.
I
The financial crisis of 2008 prompted Congress to take several actions to fend off economic disaster. One of those measures propped up Fannie Mae and Freddie Mac. Fannie and Freddie, which were founded by Congress back…
2Cases cited11 opinions
- Abbott Laboratories v. GardnerSupreme Court of the United States · 1967
- Bowen v. Michigan Academy of Family PhysiciansSupreme Court of the United States · 1986
- Clark v. MartinezSupreme Court of the United States · 2005
- Perry Capital LLC v. MnuchinCourt of Appeals for the D.C. Circuit · 2017
- Briscoe v. BellSupreme Court of the United States · 1977
6 more not listed; retrieve them via the Exa API.
3Cited by26 opinions
- Collins v. YellenSupreme Court of the United States · 2021
- Patrick Collins v. Steven Mnuchin, SecretarCourt of Appeals for the Fifth Circuit · 2019
- Brian Iverson v. United StatesCourt of Appeals for the Eighth Circuit · 2020
- David Jacobs v. Federal Housing Finance AgencyCourt of Appeals for the Third Circuit · 2018
- Thompson-Harbach v. USAA Federal Sav. BankDistrict Court, N.D. Iowa · 2019
21 more not listed; retrieve them via the Exa API.