The question now is, do you complete the job? You would complete the job by creating a plan to recapitalize them, and then figuring out how they would be released. To me, in an ideal world, they come up with a recapitalization plan. Congress looks at it, and says, "We are going to bless this," and actually votes on it. That would be the perfect world. I do think it is possible
- article's ending conclusion
It is totally meaningless to seek approval of congress for FnF recapitalization plan. It is the job of regulators like fhfa, tsy, fed, hud, sec...
The job of the congress is to make laws not regulate at operational level.
Regulators should define capital requirements balancing risk against public policy mandates imposed on fnf. It requires continuous monitoring and rebalancing the risks from time to time. It is not one time effort.