"Conservators or guardians who are appointed to care for the estate have a fiduciary responsibility to manage the estate’s assets responsibly. Because the state has decided the conservatee is unable to make financial decisions for themselves, the conservator is responsible for acting in the conservatee’s best interests. They have the authority to make all financial decisions on behalf of the conservatee.
FIDUCIARY
A fiduciary is a person or organization that acts on behalf of another person or persons, putting their clients’ interests ahead of their own, with a duty to preserve good faith and trust. Being a fiduciary thus requires being bound both legally and ethically to act in the other’s best interests.
A fiduciary may be responsible for the general well-being of another (e.g., a child’s legal guardian), but the task often involves finances—for example, managing the assets of another person or a group of people
Money managers, financial advisors, bankers, insurance agents, accountants, executors, board members, and corporate officers all have fiduciary responsibility."
SO, WHY HASN'T ANY OF THIS MYRIAD OF LAWSUITS BEEN FILED FOR FAILURE OF FIDUCIARY, NOTHING MORE, NOTHING LESS? PLAINTIFF GOES TO COURT WITH FANNIR & FREDDIE'S FINANCIAL REPORTS SINCE 2013 SHOWING THEY HAVE MADE "X" BILLIONS OF DOLLARS IN NET PROFITS, WITH NONE OF THOSE FUNDS HAVING BEEN DISTRIBUTED TO THE EQUITY HOLDERS THROUGHOUT THAT PERIOD OF TIME. THEY POINT OUT TO THE COURT THE DUTIES OF A CONSERVATOR TO CONSERVE ANDF PRESDERVE, POINT OUT THAT A CONSERVATOR HAS FIDUCIARY RESPONSIBILITIES, AND ASK THE COURT TO COMPEL THE DEFENDANT(S) TO IDENTIFY THE LOCATION OF THE NET PROFITS THAT WERE PROTECTED SO THEY CAN BE RETURNED TO FANNIE MAE AND FREDDIE MAC.
WE ALL KNOW IT CAN'T BE DONE UNDER THE AUSPICES OF FIDUCUARY SO THE DEFENDANT(S) CAN NOT WIN THE SUIT. THE PROPERTY IS RETURNED TO ITS RIGHTFUL PLACE AND THE COURT CAN BE PETITIONED FOR DAMAGES BECAUSE OF THE WRECKLESS BEHAVIOR OF THE DEFENDANT(S).
