Actually this is smart. Technically the money still goes to Treasury so the NWS remains intact which keeps the anti-f&f politicians happy. No retained capital at f&f so those wanting them bankrupt remain happy. It prevents Watt from doing something crazy like dancing alone. FHFA and/or Treasury can take that money any time they feel like so they are happy. Less likely to improve the stock price than retaining that capital so the anti-investor crowd is happy. No toes stepped on by Watt's clumsy dancing - no egos hurt.
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