If FHFA/Treasury dilutes you into oblivion, what do you think will happen?
The key word is "IF". If they do, then they will have successfully stolen more than they already have. Investment involves risk. However, I think any new examples of FHFA engaging in contracts with Treasury that are clearly harmful to the entity under Conservatorship, and clearly not arm's length negotiations (breach of good faith), are less likely in the future than in the past.
Back to you. What if they don't dilute to oblivion?