![](http://investorshub.advfn.com/images/default_ih_profile2_4848.jpg?cb=0)
Tuesday, March 04, 2014 1:04:21 PM
That's what I understood from the press release here:
http://www.fanniemae.com/portal/about-us/media/statements/2014/statement-laskawy-030214.html
Be safe,
-Z
FULL CONTENT:
March 02, 2014
Statement from Philip A. Laskawy, Chairman, Fannie Mae
Andrew Wilson
202-752-5168
Fairholme Capital Management sent a letter dated February 28 to Fannie Mae's Board of Directors calling on the Board to take a number of actions related to the ongoing conservatorship, payment of dividends, and the management of the company.
The Board and our management team remain focused on building a better housing finance system by strengthening our business, providing liquidity to all segments of the market, and improving the safety and soundness of our company.
As legislated by Congress, with conservatorship, the Federal Housing Finance Agency as Conservator assumed by law all of the rights, powers, and privileges of the company, including those of the board of directors, which provides appropriate governance in accordance with FHFA's limited delegation of authority.
I am confident that the Board is doing the job it has been given. FHFA has retained certain authorities for its exclusive determination and control, as provided by federal statute, including all decisions relating to the declaration and payment of dividends to the United States Treasury. Our Board and management will continue to perform their duties, as provided by federal statute and delegated by FHFA, diligently and to the best of their abilities.
Follow me at zargisISdaBOMB@twitter.com ... wait, I'm trying to get you to follow me for my own financial gain?
DON'T FOLLOW PEOPLE DOING THIS.
( ~ May your entry be well prepared and your exit be swift. ~ )
FEATURED ELEMENT79 GOLD CORP PROVIDES UPDATE ON CHACHAS COMMUNITY CHARTER AND REVENUE GENERATION, M&A ACTIVITIES • Jul 30, 2024 8:00 AM
Avant Technologies Opens Equity Line with GHS Investments as Company Explores Expansion into Additional Technologies • AVAI • Jul 30, 2024 8:00 AM
INDEXR AI Merges With Moon Equity Holdings Corp. (MONI), Creating a Leading-edge Technology Company • MONI • Jul 29, 2024 9:59 AM
Cannabix Technologies to Deliver Innovative Breath Logix Alcohol Screening Device to Texas, USA • BLOZF • Jul 29, 2024 9:07 AM
BNCM AND DELEX UNVEIL POST-MERGER MANAGEMENT PLANS • BNCM • Jul 29, 2024 9:00 AM
Glidelogic Corp. Announces Revolutionary AI-Generated Content Copyright Protection Solution • GDLG • Jul 26, 2024 12:30 PM