I don't believe that the government should be allowed to exercise the warrants. If it does, $100 billion estimate for 79.9% is too low. Analysts at Meolis are helping their clients steal much, much more from FnF shareholders than the treasury has to date.
The real value of FnF is closer to $1 trillion. They paid $15 billion in "dividends" the last 2 quarters. (Patswil will be gladly do the math again.) Add the money that the government has already stolen.