Fannie Mae (FNMA)

[Robert from yahoo bd]

The FHFA during the 14+ year CONservatorships has the unique position in the eyes of businesses and the courts as either acting as the conservator and thus stepping into the shoes of the entities OR acting as a federal government agency Regulator.

Little wonder the FHFA never wants the 14+ year CONservatorships to end, and they could easily keep 100% control over the GSES by keeping them in perpetual conservatorships and continually bypassing the Congressional Appropriations Oversight Process for their operating funds as well as have the GSES balance sheets bankroll the expensive legal defenses of the perpetual conservatorships.

Amerika, my kinda place !

I thought someone was going to come in and clean up the swamp, because apparently this arrangement is "a okay" with the federal courts.