Fannie Mae-No Politics (FNMA)

[contrarian bull]

Some had asked where that $187.5 billion went - it has been sitting in their balance sheets all along. Of course they don't keep it in cash - they used it to buy mortgage securities and the like... but it's still there.

Also incorrect. That $187.5B, plus around $90B more (and counting), has been sent to Treasury.

Well I was talking about the liquidation preference of the seniors. But given the fungability of money saying that money went to pay the NWS is correct kind of how it's correct that the NWS payments funded Obamacare and my mom's social security.

As for the big bucks plus $90B more - it sounds like you are talking about net dividends paid. Which kinda shows up as an ASSET under LIABILITIES as a negative ACCUMULATED DEFICIT. I still don't fully understand that but hey it's only $200 billion so I just let that one go.

This is too funny - we have the Juniors fighting with the commons on the sidelines as treasury beats us both on the field.

Just so you know where I stand - I have pretty much equal amounts of common and juniors - so I don't really care which fares better.