Fannie Mae-No Politics (FNMA)

[jeddiemack]

I'd also say that its highly doubtful when written that congress contemplated that conservatorship and receivership = the same thing. Because of the plain language of the law, the differences were established and thus, if they were to be the same and seen as the same and operate as the same then there would have not been both; as having both mean the difference between both were worth the ink and time to write both.

Therefore, the fhfa and the judge using both interchanabley is obviously against what was written and intended to be written.

Under lambreath's opinion, conservatorship = recerivership and thus, one is the other or both.

Which is actually not the case.

Thus if you give away all of the net worth of an entity it is a liquidation of equity and value. And simply this forces the entity to be undercapitalized which is often a big problem from other courts perspectives.

I would think that any 3rd year accounting student would know this difference that if Assets = Liabilites then equity equals ZERO. And that is effectively a liquidation; even if the enitity has 5 Trillion of assets and 5 Trillion of debts.


This judge really is bad.