Fannie Mae-No Politics (FNMA)

[Wise Man]

Can't you see that Geithner submitted a Privatized Housing Finance System for the release of FnF from Conservatorship, at the request of the Dodd-Frank law? Guarantee fee increases, Basel framework for capital standards, a 3-option Housing Finance System revamp.
The same as before. The only difference is that the FHEFSSA MANDATORY release Undercapitalized, stripped out, now is much higher (Basel Framework) and it isn't mandatory anymore.
Hence, the overtime aiming to get rid of the unwanted AT1 capital instruments (JPSs). And that's achieved only when the CET1 > 2.5% of the Adjusted Total Assets (Compliance with Tier 1 Capital > 2.5% of ATA later). A threshold fetched by the laggard Fannie Mae in the Q3 2023. It could have been done outside the Conservatorship but, somehow, the FHFA wanted to get rid of them before, "in its best interests".

The aspects that are lawful can't be "treated" with the stocks (the sought-after rebate). Only the unlawful parts with the enterprises, like the $151B cash refund and a posting in the Retained Earnings accounts.
The Equity holders are only entitled to a compensation for the Securities Law violations and the con operation in the U.S. courts.

The endgame is Charter revoked, as the UST backup of FnF will no longer be necessary. All their privileges would have been removed. That's the Privatized Housing Finance System.
Regulatory Risk.

Seems a little like BS. Wasn't Geithner one of the architects of our current morass?