Fannie Mae-No Politics (FNMA)

[Donotunderstand]

SGIN

the government from day one identified its "infusion" "aid" as senior preferred stock

as such all money paid (if not allowed to be a "buy back of stock" by GOV FHFA/Treasury) are dividends

dividends on preferred stock do not reduce the outstanding dollar amount

the GOVERNMENT has never called this a loan

Indeed - had it been a declining balance loan - at 10% - we would be near extinguishing the "debt"

again - right or wrong - the legal explanation for not reducing the balance is that the money "infused" into F and F was labeled equity not debt

(and thus - until they lose in court on some basis - the math the portions of math the government present based on repayment if done correctly are legal --- if ugly immoral and misleading)