Fannie Mae-No Politics (FNMA)

[Wise Man]

The debate is when acting as conservator. I think that Kavanaugh was talking figuratively as a way to transmit the idea that the FHFA is at the helm of a private corporation and not the opposite, that Fannie Mae became a Federal Agency.
But the DOJ saw the opportunity to now claim that the U.S. isn't responsible for the FHFA's actions.