Not only does the capital have to make sense it has to be reasonable.
What should occur is a staged process of
Eliminating the NWS (the SPS have been paid off - return overpayments); Voiding the Warrants (the Gov't will do just fine with the taxes off the later taxable income)and with that allowing the shares to trade without the concrete life preservers.
What this will do is allow the shares to "reset" and allow the market to determine a share price without the government sitting on them.
Who knows what the share price will accrete to? $20, $30, $50? ? (afterall share price is a function of the future as much as it is the past).
With that the adjusted market determined price will allow each GSE to set secondary offerings.
The key thing here is that the secondary will raise money that goes to each gse. Heretofore, most people forget that each will likely raise $20-$40Billion depending upon Retained Earnings and the amount given back to them from the government (whether its $0 or $20B); and with that create income with the proceeds, so in a capital allocation model the EPS will be adjusted but some credit for the additional capital will be afforded.
These really aren't hard concepts, i wish people could be honest with those that read these boards and be truthful. I just wish those would stop pushing a false narrative; especially since its been proven time and again how its just not so.
A capital raise benefits the company and all shareholders, yes it will dilute the existing but some dilutions is likely necessary, but to push for 80-90% or more dilution is simply not right; because its not necessary, when perhaps 15-20% will do just fine.
AI
Market Data 
Markets 
