Fannie Mae-No Politics (FNMA)

[rekcusdo]

There are two key portions of that ruling.

""wind down" the GSEs as a conservator."

Clearly says wind down, not wind up. And as I stated to you before, LIQUIDATION DOES NOT OCCUR DURING WIND DOWNS. ONLY DURING WIND UPS.

"Plaintiff has offered no argument why FHFA is unable to convert its current conservatorship into a receivership"

Basically saying it wasn't addressed. It is the plaintiff's job to prove its case. Anything unproven goes to the defendant. Since the plaintiff's never addressed it, the court had to find for the defendants. Sounds like a deficit in the attorney's thoroughness, really. There is no part of HERA that allows for conversion between conservatorship and receivership. If this actually gets addressed in the future, it would be fairly easy to win this point.

Sorry, but you are mistaken.