Fannie Mae-No Politics (FNMA)

[Commons_Cancelled]

Both GSEs are right around the 10% moment. So the Treasury doesn't have any ill-gotten gains. If they reversed back to the original agreement, then the GSEs would be owed nothing (or very little) and they would still need to raise ~$100B to become adequately capitalized -- which would be required to exit Conservatorship.

And yes, there will be lots of money lined up regardless of what happened to existing shareholders. Wall Street money could care less as long as there are some reassurances put in place that what happened won't happen again.