Fannie Mae-No Politics (FNMA)

[Wise Man]

Last Friday's ruling had two big mistakes:
1- A conservator has no fiduciary duty to the shareholders.
2- A conservator can act in the interests of the Government.
These two mistakes are a blessing to the shareholders, in the sense that it doesn't need a minimum knowledge in Finance to determine that we are dealing with a crooked judge.

The fiduciary duty doesn't need to be written in a law to apply it, because it's related to ethics and a relationship of trust of the conservator with the shareholders and the enterprises.
For the same reason that the rights and powers were transferred to the conservator to fulfil this duty, but in a conservatorship, they later are returned, something omitted in the law but it's a common practice.

POTUS is aware of this behavior and I expect an unilateral resolution in 6 days' time.
The countdown begins.