Guardianship and conservatorship proceedings are judicial proceedings in Probate Court, and they are expensive.
As long as the person meets the legal standards, there can be a conservatorship or guardianship.
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So in September 2008, both were seized by the government in a legal structure called conservatorship.
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In less than four months, Fannie was in conservatorship, and the preferred stock virtually worthless.
People under conservatorship or guardianship lose the right to make even the most basic decisions for themselves.
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No mention of conservatorship is made in his narrative of what happened .
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The conservatorship agreement, reached through mediation, expires in January when the judge will revisit the case, the lawyer said.
But the pop princess hasn't exactly been accessible to her fans since she was placed in a conservatorship in 2008.
And when Fannie and Freddie went into conservatorship, politicians found out that budgetary dollars were on the line after all.
However, Britney is said to have a psychological condition, such as bipolar disorder, that justifies the continued need for conservatorship.
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Certainly, guardianship and conservatorship court proceedings have been started over far less.
The Britney Spears conservatorship saga has nearly reached its fifth year anniversary.
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The conservatorship was a big reason why Britney was protected from testifying.
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"In many ways, the secretary is arguing that the conservatorship, the portfolio limits, are both necessary and sufficient in his judgment, " said Dodd.
You can easily and inexpensively avoid guardianship or conservatorship proceedings by executing durable powers of attorney while you still have your mental faculties.
Can Amanda Bynes meet the standard for a conservatorship as well?
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The conservatorship places restrictions on how fast Fannie and Freddie's loan book can expand but not on the pace at which they can extend guarantees.
Our budget targets corporate welfare, starting by ending the conservatorship of Fannie Mae and Freddie Mac that is costing taxpayers hundreds of billions of dollars.
The conservatorship shielded Britney from having to testify in those lawsuits.
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Conservatorship and guardianship proceedings have an important place in our legal system, particularly when an elderly, vulnerable adult or someone with a developmental disability needs protection.
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Fannie and Freddie are under the conservatorship of the U.S. since 2008 after it was determined the agencies did not have enough capital to continue operating .
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There have been many reports before that Spears was fed up with the conservatorship and being treated like a child with no rights over her own life.
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For every Britney Spears situation, in which the continued need for conservatorship is questionable to say the least, there are many more instances of people being helped.
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Interestingly, the same time that we were writing and posting our article on Friday, Reese Witherspoon and her mother were in court in Tennessee, seeking conservatorship over John.
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The government placed both inept giants under conservatorship last September, promising to buy up to 80% of their preferred stock and to extend protection to holders of their securities and debt.
The Treasury holds senior preferred stock following the government's actions in putting the company into conservatorship, along with the older Fannie Mae, in 2008 at the height of the mortgage crisis.
Guardianship and conservatorship proceedings are often misunderstood and misused.
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When in 2008 their capital reserves were determined to not be as large as executives insinuated, the two publicly traded government sponsored entities were swiftly bailed out by the government and swept up into conservatorship.
After Freddie Mac was placed under government conservatorship in 2008, its shares became worthless, yet the shares of the exchange fund now are trading near their highest level since they were purchased, Mr. Verfurth says.
The pilot phase deals with homes held by Fannie Mae, the mortgage giant in government conservatorship, but the plan aims to expand to properties backed by Freddie Mac and the Federal Housing Administration.
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