Fannie Mae-No Politics (FNMA)

[Wise Man]

Where is "maximize profits for taxpayers" written in the Charter Act?

the government has a legal duty to maximize recovery for taxpayers.

Specifically, in this provision entitled Fee Limitation of the United States:
It states: PROHIBITION to make profits using the securities and assets of FnF. And any compensation is limited to their "special borrowing right from Treasury".

Subsection (c) obligations (Subsection (b) redeemable), that reads as follows:

taking into consideration the current average rate on outstanding marketable obligations of the United States as of the last day of the month preceding the making of such purchase.

A Preferred Stock is an obligation in respect of Capital Stock (a fixed-income security), as stated by the Treasury department in the SPSPA:

A cheap bailout scheme, like many other privileges, in exchange for their Public Mission that makes them take on more credit risk, commonly known as Treasury backup of FnF. "As last resort" is set forth here:

It seems that you are talking about other enterprises with a different Charter Act.
You remind me Mnuchin with his slogan: "the taxpayer be appropriately compensated" (at the same time than committing Securities Law violations that carry a compensation for damages) Good. Just revoke the Charter and come up with a different one with CRT, fees to Treasury, etc, because in this Charter it's PROHIBITED.
FnF have earned becoming fully private enterprises (it's simply achieved with the Charter revoked, after unveiling the Separate Account plan according to the Law), primarily for respect to all those investors that bought stocks in 2007-2008 in several Stock Offerings with the issuance of Cs and Ps when FnF needed to raise Capital as mandated in the "as a last resort" feature of the Treasury backup mentioned before. Capital needed in the run-up to the financial crisis, unaware that a Goldman Sachs alumni, Hank Paulson, will abuse on his position in the Administration, aiming to enrich his cronies assigning them the stocks from an illegal Warrant at $0.00001 per stock, regardless of whatever the ultimate Housing Finance System revamp is, due to all this abuse on the private corporations and their Equity holders during 15 years.
Don't you like the Charter Act? Revoke it, but don't come up with cover-ups, clown shows in the United States courts (For instance, 10 years later, the spokesperson for the gang The Legal Team, Bradford, claims that the "Implied contract" case in the Lamberth court is a farce, after promoting it daily), tricks like attempting to amend the Charter with an agreement between Federal Agencies, Securities Law violations and outright lies (protect the taxpayer, government implicit guarantee, etc), because everything will be adjusted and we will even request damages to settle all this misbehavior.
Then, it's the turn of the corrupt litigants JPS holders, their law firms, accomplices peddling the Govt theft story in formal documents (Pagliara, Howard, Ackman, etc) and masterminds (Moelis and the sponsors of its infamous plan: BX and J.Paulson, etc), in bed with the Government all along, aiming to share the booty and the use of FnF as a scheme of secured deals for the industry with stock offerings during many years to come.