AI
Monday, February 24, 2020 6:16:56 PM
FHFA HAS NO FIDUCIARY DUTY TO SHAREHOLDERS, as I showed in my post from earlier today. This is such a strange hill to die on.
But the FHFA has a fiduciary duty to FnF, as you can see from Sweeney documents. Ripping off their shareholders also harms the companies themselves.
In addition, there is the "Implied Covenant of Good Faith and Fair Dealing", which is subject matter before Judge Lamberth.
You keep assuming that the FHFA can do whatever it wants and be in a legal vacuum. That is not true!
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