AI
Monday, November 13, 2017 9:58:23 AM
SPS of $187.5B is a liability.
False.
That's taken directly from Fannie Mae's most recent 10-Q. Senior preferred is stockholder equity, it is not a liability. You will find the same in Freddie's filings.
And you still haven't answered the question of how $187.5B magically appears in FnF's bank account once the senior preferreds are cancelled.
