• BombOmOm
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    111 months ago

    the power was given to them by congress as part of the HEROES act

    It very specifically was not, and that is the issue.

    " The HEROES Act … does not allow the Secretary to rewrite that statute to the extent of canceling $430 billion of student loan principal."

    • @FinnFooted
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      2211 months ago

      The extent of the power of the HEROES act is debatable and thus why this has reached the supreme court. If you read it, the HEROES act was very vague the begin with, as these things often out in our messed up legal system. Like I said. They could argue against or for the HEROES ability to grant this power and they could easily argue it either way because that’s how our legal system works. But, that they did it with these cases is still insane because the sanding for these cases is wacko.

      • @SmurfDotSee
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        -711 months ago

        The standing wasnt wacko. You’re just not informed about the facts of the case. Missouri stood to lose about 44mil/yr or somewhere around there. That’s legitimate standing, regardless of your politics.

        • @FinnFooted
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          11 months ago

          If that’s what the cases were actually about, I would support you. But the entity that has standing for that argument is MOHELA and they didn’t want to be a part of it. The cases that were presented had nothing to do with what Missouri had to lose financially.

          The state of Missouri, one of the plaintiffs, is claiming that MOHELA will lose revenue as a result of debt cancellation, and therefore would be unable to repay money into a Missouri state fund that funds in-state schools. It was revealed that MOHELA hasn’t made a contribution to that fund in 15 years; MOHELA has also said in its own financial documents that it doesn’t plan to make any payments in the future. Furthermore, an analysis from the Roosevelt Institute and the Debt Collective shows that MOHELA stands to gain revenue if debt cancellation goes forward, because it received additional servicing rights and its liability on certain accounts would be extinguished.

          So, honestly, I call bullshit.

          • @SmurfDotSee
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            -411 months ago

            You can can call whatever you want. They still had standing, and proved it.

            You’re just mad you didn’t get a free voucher.

            • @FinnFooted
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              11 months ago

              They don’t need standing because they’re the supreme court. They literally just ruled on a theoretical case which was bananas in another decision. If you can actually show me their standing that isn’t total bullshit, please direct me to it.

              This court case doesn’t actually impact me. I don’t live in the US anymore.

              • @SmurfDotSee
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                011 months ago
                1. At least Missouri has standing to challenge the Secretary’s pro- gram. Article III requires a plaintiff to have suffered an injury in fact—a concrete and imminent harm to a legally protected interest, like property or money—that is fairly traceable to the challenged con- duct and likely to be redressed by the lawsuit. Lujan v. Defenders of Wildlife, 504 U. S. 555, 560–561. Here, as the Government concedes, the Secretary’s plan would cost MOHELA, a nonprofit government cor- poration created by Missouri to participate in the student loan market, an estimated $44 million a year in fees. MOHELA is, by law and func- tion, an instrumentality of Missouri: Labeled an “instrumentality” by the State, it was created by the State, is supervised by the State, and serves a public function. The harm to MOHELA in the performance of its public function is necessarily a direct injury to Missouri itself. The Court reached a similar conclusion 70 years ago in Arkansas v. Texas, 346 U. S. 368. The Secretary emphasizes that, as a public corporation, MOHELA has a legal personality separate from the State. But such an instru- mentality—created and supervised by the State to serve a public func- tion—remains “(for many purposes at least) part of the Government itself.” Lebron v. National Railroad Passenger Corporation, 513 U. S. 374, 397. The Secretary also contends that because MOHELA can sue on its own behalf, it—not Missouri—must be the one to sue. But where a State has been harmed in carrying out its responsibilities, the fact that it chose to exercise its authority through a public corporation it created and controls does not bar the State from suing to remedy that harm itself. See Arkansas, 346 U. S. 368. With Article III satisfied, the Court need not consider the States’ other standing arguments.

                You can just read it yourself. It’s all explained for you. You just don’t like it.

                • @FinnFooted
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                  311 months ago

                  Yeah. I read it. And it’s total bullshit. If you scroll up just a couple of comments ago, you’ll see why. MOHELA themselves say they will lose money from this court ruling and never planned to pay into the Missouri government program the Missouri government is referring to and they haven’t for years. Additionally, Kavanaugh just ruled that “states can’t sue the government just over ‘indirect’ harm from a federal policy.” I literally already sent you a link to that. And yet, here he rules directly the opposite. So, maybe you could read first before sending the same bullshit that’s already been shut down in this very thread.

                  But, because there’s no real way to check the supreme court, they can say whatever they want and it’s law.

                  • @SmurfDotSee
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                    -211 months ago

                    Remember how i said they explained it, but you just don’t like it?

                    Your linked case is TOTALLY different from this case. They’re not the same. You keep saying they are, but they aren’t.

                    Like i said, you either CAN’T read, choose not to, or you’re gaslighting because you’re unhappy about the decision.

        • @CrazyDuck
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          511 months ago

          Check my comment on one of the other threads, Missouri didn’t stand to lose anything. MOHELA doesn’t pay anything to the state, so even if there was some constitutional right to profit for companies, MOHELA would be the injured party, not the state of Missouri

          • @SmurfDotSee
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            -311 months ago

            If MOHELA would have been damaged (and they would have), then Missouri would necessarily be damaged as well. I don’t need to look at your other comment to know it’s wrong.

    • GillyGumbo
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      fedilink
      111 months ago

      The decision is ridiculously ambiguous. The law is garbage, but the ruling is basically “well yeah, you can technically change loans, but not that much!” Congress should immediately repeal the law if it can just be used by the judicial to only implement what THEY want.