Fannie Mae (FNMA)

[contrarian bull]

My question was - what losses?

Trump administration announced it would recapitalize all losses made on the two lenders before sending them back to the private market.

That article only mentions losses in the above sentence.

I'm assuming it must be a typo and they intend to capitalize all GAINS made in the two lenders. They could recapitalize gains by exercising the warrants and by demanding cash payment of the $187.5B owed against the senior preferred shares.

But as far as I know the only losses were incurred by pre-takeover shareholders and people recently shorting f&f. Maybe they want all the politicians shorting f&f to be made whole before they send f&f private again?