Fannie Mae-No Politics (FNMA)

[capitalismforever]

Alvarez & Marsal is one of the top valuation companies in the world. They're hired by banks, hedges funds, and corporations from every industry to value assets. In 2013, they valued Fannie Mae. Here is a portion of that valuation. Pay attention to the section where they discount the consolidated trusts. Why would they discount those items? Because Fannie Mae does not own them.

If your thesis has been that they do, you should sell today and find an easier business you understand.