Fannie Mae-No Politics (FNMA)

[Wise Man]

A dilution of 79.9% to the common shareholders can't be good for them.
Paying a commitment fee, now barred in the Charter's fee limitation, can't be good for them.
The funding commitment was already stipulated in the charter but limited to $2.25 billion, so Congress just had to update it. It's an explicit UST backstop.
You can't deny what is written in the charter.