Fannie Mae (FNMA)

[ano]

you are speed reading again, that is not what it says:

"As conservator, FHFA reconstituted our Board of Directors and provided the Board with specified authorities. Our directors serve on behalf of the conservator and exercise their authority as directed by and with the approval, where required, of the conservator. Our directors have no fiduciary duties to any person or entity except to the conservator. Accordingly, our directors are not obligated to consider the interests of the company, the holders of our equity or debt securities, or the holders of Fannie Mae MBS unless specifically directed to do so by the conservator."

so the fiduciary duties are with the FHFA, you just have to face it the government lost everything, I know this is not what you want to hear but nothing is legal and the problems just keep building