Keeping F&F in conservatorship for a said period of time to ensure that the mortgage spreads don't widen could be fine, but there needs to be a clear time period of release, e.g, 6 mos. Wall street doesn't like uncertainty.
And more importantly, these companies need to be returned to the shareholders, NOT 80% owned and controlled by the govt. In my world, the warrants are a non-starter. No need to exercise them, they are fit enough. :)
Also, why not something like a Golden Share, where there are guardrails, training wheels etc.
Bullish