Wednesday, October 13, 2021 9:17:37 AM
A: The purpose of appointing the Conservator is to preserve and conserve the Company’s assets and property and to put the Company in a sound and solvent condition. The goals of the conservatorship are to help restore confidence in the Company, enhance its capacity to fulfill its mission, and mitigate the systemic risk that has contributed directly to the instability in the current market. There is no reason for concern regarding the ongoing operations of the Company. The Company’s operation will not be impaired and business will continue without interruption."
How is that nobody seem to care about this?
Do official announcements has any legal validity and hold the Gov accountable?
Administration, congress, judiciary and FHFA have lot to explain to public about their decisions and rulings that have no historical precedence.
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