Fannie Mae-No Politics (FNMA)

[Potty]

Very clear - I cannot make sense of most of these “arguments” that a conversion is illegal etc. Courts have been clear about the Conservator, aka Calabria. Namely that:

1. Calabria stands in shoes of BOD and commonholders

2. Calabria has no fiduciary duty to shareholders

3. So long as Calabria is pursuing soundness of FnF, then actions are not reviewable by courts

So, 1.-3. by themselves make clear Calabria can authorize a JPS to common conversion, as part of recap (hence aiding soundness) - and courts judge they cannot review this... so a lot of blather about suing Lol

Have people learned nothing as we trek through these court cases? Facts matter (and reading comprehension matters more)