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Wise Man

07/04/21 2:07 AM

#687758 RE: bcde #687754

I understand what you are saying, about the FDIC having skin in the game, but it doesn't change the point of a Conservatorship and that the law says that a conservator can act in its own interests as an Incidental Power, which means "derivative power", that's why it's included in the same sentence "authorized by this section" that rogue Justice Alito and former judge Sweeney omitted.
Then, why do you keep saying :

So the moment FHFA conservator starts acting in the best interest of FHFA(Gov) or public


I've told that the provision starts with: the Agency as Conservator. So, it's its best interests as conservator. Thus, it's not "in the public interest".
Stop saying that the law allows it because that's the Supreme Court's view and a lie.
I don't see any problem with that provision that gives the conservator some discretion, but again, "authorized by this section". For instance, the goal of rehabilitation in its power "put FnF in a sound and solvent condition".