All keep in mind this is proposed capital rule open for comments. I'll comment FnF didn't use the two hundred billion made available to get through the Government created housing crisis and what they did use was often just circular book entries to pay Gooberment unearned dividends then the net worth sweep was invoked leaving the GSE's 0 capital to work with until Mel Watt got the net worth sweep changed so that they could retain 3bil capital. So FnF carried housing and the US economy on it's back with three bil for years and continue to do so right up to this very day. So FnF never needed this bailout and without it they'd already have $240 bil capital anyway. Bottom line this rule is negotiable and MC is highballing.