Fannie Mae-No Politics (FNMA)

[Wise Man]

Claim that a Conservator has no fiduciary duty to the shareholders is an insult to our intelligence.
This is why the Equity holders' and FnF's powers and rights were transferred to the Conservator under HERA's succession provision: to use them on our and FnF's behalf.
You seem to assume that it's an authorization to do evil against the shareholders and the enterprises.
A conservator is a protector, trustee, etc.