Fannie Mae-No Politics (FNMA)

[bcde]

"
1.On September 6, 2008, with the consent of both Fannie Mae's and Freddie Mac's (the Enterprises) board of directors, FHFA used its authorities to place each Enterprise into conservatorship.


2. FHFA established two conservatorships in response to a substantial deterioration in the housing markets that suggested it severely damaged each Enterprise's financial condition and left both of them unable to fulfill their missions without government intervention.

3. This was misleading to the public and the risk was merely a temporary housing value issue much like a dip in the stock market."


Are NOT these false narratives of FHFA?
Did BOD voluntarily consent for conservatorship?
What is the need for using such narratives?

Shareholders should just focus on unlawful FHFA decisions and Hank/Obama UST decisions.