Fannie Mae (FNMA)

[contrarian bull]

I was trying to be nice by not saying you might be mistaken, but I disagree.

Their "Deficiency Amount" is zeroed by a draw, but not their net worth. Note the word "net".

Taking out a loan does not increase anyone's net worth. Nor does selling an asset at face value.

Hey "contrarian view". You better read my posts instead of repeating the first thing that comes to your mind, like that, after a draw to offset a negative net worth, the companies still have negative Equity.