Fannie Mae (FNMA)

[JOoa0ky]

It shows evidence that Treasury views the warrants as enhancing taxpayer value, whereas there is no evidence whatsoever that it ever considered the warrants collateral.

Find such evidence if you are able, but it does not exist in that Treasury report or any other source I have seen. No evidence and no logic (warrants fail the definition of collateral) means that the "warrants are collateral" argument is pure wishful thinking.

The argument of "Protecting" and "Enhancing" the taxpayers' value is complete utter nonsense when FnF has already said that they need to raise fees to cover their bases.

If the ordinary taxpayer had to choose between the govt keeping more billions to "protect" and having the rates increase vs the govt keeping none of it and having no rate increase...

Which would they choose? God knows what the govt would even do with those billions... surely will never make its way back to the taxpayer.