Fannie Mae (FNMA)

[capitalismforever]

There is very little difference between a bankruptcy and conservstorship. Don't let the semantic difference confuse you. In bankruptcy, the court is even called "the conservator". They both involve being taken over and controlled by a 3rd party. The goal of chapter 11 and government conservstorship is the same; to preserve and protect the assets until they come to a conclusion on what to do.

P.S. like a government conservstorship, a bankruptcy can be forced, as well.