Fannie Mae-No Politics (FNMA)

[Wise Man]

BEHOLD! The 4 commandments with regard to FnF have been found:
I. The Conservator is a fiduciary for the shareholders and JPS holders.
II. The Charter's purposes are about Public Policy according to a 1991 GAO report. Then, there's an inherent UST backstop in the same Charter, which is the authorization of UST to buy low-rate REDEEMABLE OBLIGATIONS.
III. A Warrant is deemed Beneficial Ownership. Then, a Takings claim arises.
IV. The Secret Plan: Capital Distributions only for the repayment of the obligations with the Treasury (SPS) and Recapitalization.