Release Fannie Mae and Freddie Mac from government conservatorship

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On September 6, 2008, with the consent of both Fannie Mae's and Freddie Mac's (the Enterprises) board of directors, FHFA used its authorities to place each Enterprise into conservatorship. There was not a public shareholder vote. FHFA established two conservatorships in response to a substantial deterioration in the housing markets that suggested it severely damaged each Enterprise's financial condition and left both of them unable to fulfill their missions without government intervention. This was misleading to the public and the risk was merely a temporary housing value issue much like a dip in the stock market. Following this event, in 2012 after these companies were on the path to profitability, the government under the direction of president Obama established the unethical “net worth sweep” of all company profits into the U.S. Treasury. The funds were misused to hide Obamacare losses.

Shareholders of Fannie Mae (FNMA) and Freddie Mac (FMCC) seek regained control of their companies and repayment of the funds misused by the U.S. Treasury. We are days away from the 10 year anniversary of the theft of these great companies by our government, disguised as a bail out. These companies were at risk like every bank at the time but the only entities to be placed in consevatorship. Profits from these companies have been used to fund unrelated risk like Obamacare while placing the continued risk of a greater housing crash on future taxpayers. The shareholders of FNMA and FMCC petition to 1. Regain voting rights for their rightfully owned shares. 2. Complete historical audit of all funds spent by the U.S. Treasury. 3. Repayment of lost profits and dividends resulting from the governments percieved to be illegal conservatorship to these companies. 4. Establish shareholder approved protocols for rebuilding the capital buffers to protect America from a future housing downturn. 4. Establish shareholder approved board and corporate oversight. 5.End conservatorship