If I was a judge, I would tell the FHFA your agency has been the conservator for both Fannie and Freddie since 2008. I want to see an accounting of all the money they have made over the years and where it is stored since your duty was to conserve and preserve. That accounting is to include every penny both entities made. You have 30 days.
After SCOTUS decision, if liquidation preference is still increased by FHFA in the financial statements, what are the rights of shareholders who bought shares after the SCOTUS decision?