Unless there's a 4th amendment instructing FHFA on how to relieve the GSE'S from conservatorship that will hence raise capital as well as relisting the GSE's on the regular stock exchange prior to terminating the 3rd amendment...it would be foolish to terminate the 3rd amendment and leaving it up to another questionable person...
There are many scenarios that can be imagined for the GSEs and their future status and position in the secondary mortgage market. The one suggested above is a reasonable one that favors shareholders with a recapitalization, release, and relisting plan for the GSEs through a 4th amendment deal made between the US Treasury and FHFA. It does not take much work or time to achieve this. There only needs to be a new Treasury Secretary who thoroughly understands the SPSPAs and uses the agreement provisions to chart a path to recap, release and relist and a willing FHFA Director to sign on for the new direction. It is an ideal plan. Now we must wait to see what those with real power in government do. Will they approximate this plan or will they continue the present effort to transfer more individual, private and corporate wealth and property to the US Treasury?
Fannie and Freddie are not the only sources of enormous private and corporate wealth taken by the US Treasury. Take a look at what is openly reported but never considered in the media or by citizens. The Federal Reserve Bank is the owner of $1.7 trillion dollars in mortgages and in 2015 transferred $117 billion to the US Treasury. The majority of that came from agency and GSE MBS.
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