Replies to post #759110 on Fannie Mae-No Politics (FNMA)

[Rodney5]

I appreciate you jog49

You asked “SO, WHY HASN'T ANY OF THIS MYRIAD OF LAWSUITS BEEN FILED FOR FAILURE OF FIDUCIARY, NOTHING MORE, NOTHING LESS? ”

Answer: This has been the MISTAKE of the JPS Lawyers from the beginning. And making the same mistake over and over.

UNITED STATES COURT OF FEDERAL CLAIMS
Wazee Street Opportunities Fund IV LP,
Filed 04/03/23

Quote: “This lawsuit does not challenge the foregoing arrangement made in
September 2008. While Plaintiffs do not concede that all the measures taken in September 2008 were justified or necessary, they are not here to challenge the placement of Fannie and
Freddie into conservatorship at the height of the financial crisis, or the original deal struck by
Treasury and FHFA at that time." End of Quote. Page 7

The lawyers are focused on the third amendment net worth sweep. By Public Law the whole contract is illegal, the contract is illegal based on the United States is not permitted to charge a commitment fee to be paid by the enterprises?

Link: https://storage.courtlistener.com/recap/gov.uscourts.uscfc.37252/gov.uscourts.uscfc.37252.30.0.pdf

[The Man With No Name]

I never got an answer or opinion so let me post this again:

FIDUCIARY

A fiduciary is a person or organization that acts on behalf of another person or persons, putting their clients’ interests ahead of their own, with a duty to preserve good faith and trust. Being a fiduciary thus requires being bound both legally and ethically to act in the other’s best interests.

A fiduciary may be responsible for the general well-being of another (e.g., a child’s legal guardian), but the task often involves finances—for example, managing the assets of another person or a group of people

Money managers, financial advisors, bankers, insurance agents, accountants, executors, board members, and corporate officers all have fiduciary responsibility."

SO, WHY HASN'T ANY OF THIS MYRIAD OF LAWSUITS BEEN FILED FOR FAILURE OF FIDUCIARY, NOTHING MORE, NOTHING LESS?

Because it's the law that while in conservatorship, the company doesn't (nor anyone else) owe you a fiduciary duty.

And any lawyer that filed such a suit would look like a total dumbass.