Thank you, Obit.
Your #3.
Yes, I was counting on a large excess payment to Treasury which -somehow- I considered normal. Now that I think about it I may have been brainwashed just too much with the "deserved punishment" tune for Fannie and Freddie. Maybe I should broaden my perspective now that I see where you are coming from.
I understand how the 3 branches work. But I also understand that "politics" is the underlying force behind the strict functions of each branch and the system of checks and balances. Sometimes politics gets on the way. As in pissing or not wanting to piss the other branch off. I bet House Republicans love to piss the Administration off whereas Ms. Waters may consider not touching the 10% dividend set by the Treasury in spite of her having all power to make law, increasing it, reversing it or telling the Koch brothers to pay for it. By suggesting a reduction of it in the draft she leaves Lew with half the juice. But all this is simply commentary, sorry.
As for the Capuano bill, I have to go back to my notes. It was introduced when Fannie Mae was just about to pay Treasury approx. 59 billion (June 30, 2013) so I can't remember the amortization schedule or the structure of the repayment. But I believe the 30 year term was way in excess, the full loan would have been $240 to $250 bill including all interests and it would have been repaid within a short number of years with any excess to the 5% being applied automatically as principal payments.
