If the market trusted him we would be much higher. Quite simply if u never heard him talk but were a value or institutional investor and know GSE fundamentals the second he opens his mouth about a plan to capitalize them, instant confusion and mistrust.
The GSEs make billions in profit/ year, he is at the very top of the swipe, any simple investor can see the plan works already without him, a plan from him makes no sense. He talks out both sides of his mouth.