So we need to get members of Congress to demand their release. See Jarndyce's tweet yesterday, posted here by Commander. Sandra changed her mind on penalizing homebuyers with good credit and good bank accounts based on demands by some Members of Congress. All investors should contact these politicians and ask for Fannie and Freddie release.
A conservator can't defer to Congress the release from Conservatorship. It's her job as director of the Federal Agency that was appointed conservator by the FHFA director, otherwise it would be deemed a breach of another fiduciary duty owed to us:
Shall not delegate functions that it can reasonably do.
Other theme is that, because the UST was tasked in the Dodd-Frank law with putting an end point to Conservatorship "no later than January 31, 2011" and it chose a 3-option plan for Housing Finance System reform based on a privatized system (Basel framework for capital requirements), the director of FHFA and the secretary of the Treasury give notice to Congress that FnF have met the new thresholds of capital adequacy (the investors have suffered Regulatory Risk) and it's the Congress the one that unveils the Housing Finance System revamp and revokes their congressional Charters together. Yet, it still would have to direct the conservator to release them from Conservatorship. Congress may include a Taking of our stocks at a "fair compensation" which is, in the case of a Government, the adjusted BVPS. Can't wait to read how Congress fires back at the FHFA and UST for the separate account plan and the 8 securities law violations, for which we are requesting symbolic punitive damages. SECTION XXX. CONGRESSIONAL FINDINGS. The Congress finds that... (1) The conservator didn't act with the required autonomy from special interest groups. (2) Etc.
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