Fannie Mae-No Politics (FNMA)

[bmp152]

Hey all, I'm not sure if this really means anything or can be used as a legality but I was looking through the motion to dismiss issued by the gov in response to Fairholme. I found this passage:

"In August 2012, FHFA, acting as conservator for the Enterprises, entered into the Third Amendment to the Stock Agreements. See Compl. ¶¶ 10, 63-64, 73. The amendment was critical because of a longstanding concern that the Enterprises – though presently maintained in a solvent condition due to Treasury’s assistance – failed to generate enough revenue to fund the 10-percent dividend obligation."

If we apply that logic to this statement made by the FHFA:

Is a conservatorship temporary or permanent?
"There is no inherent duration in a conservatorship. The organic statute or order creating the conservatorship defines its goals, operations, and conditions for existence, differing from the FDIC receivership context, which does not anticipate a return to business. In this case, the Federal Housing Finance Agency has stated that the conservatorship will terminated upon successful completion of its plan to restore the companies to safe and solvent condition (“Fact Sheet – Questions and Answers on Conservatorship”.
http://www.fhfa.gov/webfiles/35/FHFACONSERVQA.pdf)

...then can we logically conclude that the Gov has admitted that the GSEs are in a sound and solvent condition and therefore the conservatorship displays merit to be terminated?