Fannie Mae-No Politics (FNMA)

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COUNT XI
Breach of Implied-in-Fact Contract Between the United States and the Companies
(Derivative Claim on Behalf of Fannie Mae by Plaintiff Barrett)
268. Barrett incorporates by reference and realleges each allegation set forth above, as
though fully set forth herein.
269. Before Fannie was placed into conservatorship on September 6, 2008, FHFA and
Treasury unambiguously offered to place Fannie into conservatorship by consent, under
Section 4617(a)(3)(I), with certain conditions described below, and the board of directors
accepted this offer. FHFA made no finding of insolvency, undercapitalization, or any other
ground to impose conservatorship under Section 4617(a)(3)(A)-(H) or (J)-(L) without Fannie’s
consent.

so why would the government claim conservatorship was necessary exactly ?