Fannie Mae-No Politics (FNMA)

[bcde]

Correct legal interpretation of word "may"
(FHFA only have those powers and do not have any other powers as conservator.)

http://gselinks.com/Court_Filings/Robinson/16-6680-0022.pdf

Page 27:
That Congress, in describing FHFA’s “powers as conservator,” spelled out that the conservator “may” “take such action as may be (i) necessary to put the regulated entity in a sound and solvent condition; and (ii) appropriate to carry on the business of the regulated entity and preserve and conserve the assets and property of the regulated entity,” means that FHFA does not have other powers as conservator.