Fannie Mae-No Politics (FNMA)

[DumbDumberDumbest]

Again. The Cumulative PFDs aren't recorded in the Core Capital figure, which is the measure for Capital Classification.
Just like the Senior Preferred Stocks.

What's the point of converting a JPS, that is always valued at Par-Value in the statutory definition of Core Capital under the current law in force (FHEFSSA), for Commons?
Hello?
Join NOT-EVEN-1-JPS campaign.#Fanniegate $fnma $fmcc pic.twitter.com/9MiRcKq0YJ

— Conservatives against Trump (@CarlosVignote) December 27, 2017

You have an asset (cash) but also PFDs recorded as Equity.
Don't mistake the Core Capital data with the Equity. In FnF don't coincide due to the label "Cumulative" in the SPS. That's why the Core Capital currently shows a Deficit of around $70,000 million, while the Equity is positive (now negative due to the last Earnings report, but will be zero at the end of March due to the draw to Treasury)