Fannie Mae-No Politics (FNMA)

[kthomp19]

And yet, 92% ownership would not be in US interests as the debt would have to skyrocket.

As long as FnF remain in conservatorship, Treasury will not have to consolidate FnF's balance sheets onto the government's no matter how big of a stake they get in FnF. That's because Treasury says SFFAS No. 47, part 42 allows them to not classify FnF as consolidation entities.

Entities for which the relationship with the federal government is not expected to be
permanent, such as receiverships, conservatorships, and other intervention actions, would
be less likely to meet these characteristics as a whole. Such entities generally would not be
classified as consolidation entities.

Treasury can go all the way up to 99.99999% if they want to and still avoid consolidation. Neither 79.9% nor 92% are magic numbers.