Fannie Mae-No Politics (FNMA)

[Dallas66]

I look at in a very simplistic manor. The FHFA was deemed the conservator of the GSE's. Per the requirements of a conservatorship, the purpose of appointing the Conservator is to preserve and conserve the Company’s assets and property and to put the Company in a sound and solvent condition.

A conservatorship is intended to stabilize troubled institutions with the objective of maintaining normal business operations and restoring financial safety and soundness. The conservator is responsible for making decisions that are in the best interest of the company...not the shareholders.

By extension, that does apply to the shareholders as well in an offshoot way, and based on the "agreement" of the 3rd amendment, I see no plausible value that has come from it that benefits the GSE's in any way shape or form.

IT does prevent the GSE's from becoming sound and solvent, to the extent they are capable of achieving. It does prevent the GSE's from continuing in there "normal" business practices as well.

The actions of the FHFA "agreeing" to this 3rd amendment sweep proves to me that the conservatorship violated the basic principles and requirements set forth by the FHFA themselves in their role as conservator of the GSE's.

One might mention the word collusion and I would venture that is the most probably action taken by the FHFA and FED in regards to the GSE's. And I do believe that is still against the law.