Fannie Mae-No Politics (FNMA)

[Lajrchamp]

I think the 5th Circuit did a good job dispelling the idea that some legal loophole would permit the conservator to violate the statutory responsibility of preserving and conserving the GSEs' assets.

Statutes are to be read conjunctively, not with one clause or provision detached from the rest. Therefore, any benefit to the FHFA must not come at the expense of the mandate imposed by statute upon the conservator. The En Banc opinion stated this succinctly when it informed the Government, "the statute (HERA) is not at war with itself."