I respect your points, and I also read The Art of The DEAL 38 years ago. It gives insight into how 47 thinks IMO. So I imagine a scenario that no one else does. He exercises the 3% to 5% of warrants, touts the big taxpayer win, and then allows the balance of the warrants to expire as a deal to settle all the shareholder suits. He's never been afraid to break a few eggs to bake a BIG CAKE $FMCC~ $FNMA~