Fannie Mae-No Politics (FNMA)

[Fully Diluted]

WOW, thanks Obi for the link.

I thought the only "(3) GROUND(S) FOR DISCRETIONARY APPOINTMENT OF CONSER-VATOR OR RECEIVER" fulfilled in HERA was "(I) CONSENT.—The regulated entity, by resolution of its board of directors or its shareholders or members, con-sents to the appointment."

Now I read in the document you posted that the then CEO of Fannie Mae Mudd did not agree at all to the conservatorship.
"I do not recall the FHFA September 6, 2008 memorandum and may not have received this specific document. However, I did disagree with the September 2008 recommendation to place the company into conservatorship."

Was Mudd outvoted or do you know what else legitimized the imposition of the conservatorships?