Fannie Mae-No Politics (FNMA)

[Donotunderstand]

But such 10K as prepared under the supervision of FHFA/Treasury and privately audited are the subject of a fraud lawsuit

What where ALL the expenses used to come to the conclusion there was no money for payment?

What wrong assumptions on write downs and future cash flows were used for such a dumb conclusion

I admit its been a while since I read the financials but my recollection is that there was a lot of assumptions - a lot of assumptions about bad paper and thus insanely low incoming cash flow

Such assumptions proved inane and insane

And now lawsuits - I assume on this - have followed

Anyone can make an asset rich company look cash and income poor by reducing the value of assets and purposefully underestimating future cash flow on such assets