Fannie Mae-No Politics (FNMA)

[Wise Man]

Correction of the analysis: "10% dividend: Ever-worsening problem".
I will modify only two quarters (4Q2009 and 2Q2011) because, although the 10% dividend increased the Total Comprehensive Loss of the quarter as correctly stated in the comment, with the 4Q2009 dividend, Freddie Mac managed to have a positive ending balance in its Net Worth. So, no draw request was necessary. It's removed form 1 and placed in 3 (watch the summary below)
In the 2Q2011, the dividend also increased the Total Comprehensive Loss, but only part of it (91%) prompted the draw to Treasury (Capital Defiency or negative Net Worth). Then, it's removed from 1 and placed in 2.
SUMMARY of the 10% dividend:
1- Quarters where it was the cause of the draw request to Treasury in its full amount: 3Q2008, 4Q2008, 1Q2009, 1Q2010, 2Q2010 and the 3Q2011.
2- Quarters where it partially prompted the capital deficiency: 3Q2010, 4Q2010, 2Q2011, 4Q2011 and the 1Q2012.
3- Quarters where it didn't affect the draw requests: 2Q2009, 3Q2009, 4Q2009, 1Q2011, 2Q2012, 3Q2012, 4Q2012, etc.

1 and 2 are called "circular flow", because what lay behind was Freddie Mac tapping the Treasury for funds, to pay the dividend to Treasury. It just increased the SPS and reduced the funding commitment (death spiral)
This is why the SPSPA was magnificently amended to enact the NWS dividend, the fastest gear in their plan of deception, as a dividend payment is restricted. The capital distributions are applied towards the exceptions to this restriction:
-SPS reduction.
-Recap.
Heavy penalties forthcoming against the DOJ and its counterparty, the plotters peddling the Govt theft story in formal documents: court briefs, books, articles, letters, financial analyses, etc.
$3.9 per stock from each (0.5% IRR on a $50 JPS and 15 years)