Fannie Mae-No Politics (FNMA)

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Hi Obit

What are your thoughts on Ms. Hosford statement below:

Page 48

20 MS. HOSFORD: Your Honor, in response to the
21 statement you just made, we would just make the point that
22 FHFA does not act in just one capacity. There’s FHFA acting
23 as regulator, and then there is FHFA acting as a conservator.
24 We have argued that FHFA acting as the conservator is not the
25 United States, and there is ample case law to support that

Page 49

1 position, but we do not -- we’re not imply -- we don’t mean
2 to imply or state that FHFA never acts as the United States.

So FHFA has two regulators? So would this be a loophole for the government to have a "get out card" from the court?