Replies to post #615074 on Fannie Mae-No Politics (FNMA)

[kthomp19]

The FHFA-C agreed with the 3th amendment so it is FHFA-C who is responsible for consequential damages

Nope. FHFA doesn't have the money that FnF would have had if the NWS had never happened, instead Treasury does.

it is the responsibility of a conservator to act in the best interest of shareholders and the companies

Wrong.

1) FHFA-C has the statutory authority to act in its own interests. That's the law.
2) Judge Sweeney already said that a key difference between a receiver and conservator is that a receiver actually does owe a fiduciary duty to shareholders (and bondholders), but a conservator only has duties towards the companies themselves.

otherwise the boards of directors would not have agreed to the conservatorship at all

The boards consented to conservatorship; no evidence has ever been given otherwise. And you cannot cite the hidden documents because that isn't proof at all, just supposition.