My hope is that the Ps used a jury consultant. The death spiral was so severe that they had to charge double the rate and not allow them to build capital by sweeping all of it, clear non-sense.
I think what hurts the most - is ACCOUNTING losses -- suggesting NEED for GOV actions
Showing how healthy F and F were - in the beginning or at the point of the NWS - then is key
Or - maybe = AND
How healthy they are now and for 10+ years of continued conservatorship (i.e. even if F and F had some rough early years - on paper - that was over a decade ago)