Fannie Mae-No Politics (FNMA)

[Wise Man]

All the🇺🇲Officials are compelled to continue what's been already started.
Whether they want it or not. They have to build on it, which is what we are waiting for, with regard to an ultimate Housing Finance System revamp and whether there will be a Takings, takeover or as is scenario.
I don't think that you were there, but I was in the run up to the January 31, 2011 deadline by law, for the UST to come out with the Conservatorship endpoint.
I was there during the delay of 11 days.
Then, the news broke.
Geithner was criticized a lot, primarily for coming out with a plan with 3 options. Then, for envisioning a government Catastrophic-Loss Reinsurance in the option 3, at a time when FnF charged very little (28 bps guarantee fee) and they don't need to buy reinsurance in the first place. Later we saw the next years how the g-fee ticked up to today's 62 bps, though the 10 bps TCCA fee is included in the interim.
It has ended up in the Basel framework for capital standards, that took effect in February 16, 2021.
Now FnF charge fully private sector g-fees.
The frivolous lawsuits, Watt, Craig Phillips, Mnuchin, and all those peddling the Govt theft story in formal documents, are hurdles in this 12-year race.
What you are doing is stock price manipulation with Bradford86 and LuLeVan and you are clueless about financial matters, because you are mistaking the Net Worth built with SPS for regulatory capital, which is the metric that has to meet the capital requirements.
Currently $-75 billion Core Capital (stuck to $-194 billion every quarter, due to the gifted SPS, concealed with Financial Statement fraud in FnF: these gifted SPS are missing in the Balance Sheets) and it has to meet a Minimum Leverage Capital requirement of $208 billion.
Hence, an adjusted $402 billion capital shortfall in the scenario that you defend with:

You should be thankful for what he did accomplish even though it is not priced in.

You are selling smoke.
On the other hand, under the Separate Acct plan, FnF would have a CET1 of 2.6% of Adjusted Total Assets (Leverage ratio), which means that they could redeem the JPS and still meet the capital requirement of Tier 1 Capital > 2.5% of Adjusted Total Assets, that you can read below in their ERCF tables.