Very nice math! Certainly Fnma was targeted years ago by Barney Franks and another Senator as being too too conservative and unfair to automatically eliminate lower income families from the joys of home ownership. So these two Senators eventually won the game and the result was the Crash of 2008. And Senator Obama became President and to his credit 8 years later things are looking better.
President Trump can right this ship and pin the tail on the Donkey at the same time. Just and old guys opinion.
The money the Treasury received in the original deal is NEVER going to be returned to the GSE's. Your reasoning and math are nothing short of 100% ridiculous! You and anyone else who thinks for a second that the warrants won't be utilized in some fashion are naive at best. Stop perpetuating this false narrative. There is only one suit that challenges the original agreement and they don't have the money to fight to the end. Everyone seems to know this except you and a few others who are simply not engaged in the reality of FnF.