Fannie Mae-No Politics (FNMA)

[Guido2]

They only have accumulated deficit because of voodoo accounting meant to keep two of the most profitable corporations in the world in perpetual conservatorship.

Please explain:

Freddie Mac had an accumulated deficit of $74 billion end of 2011. End of 2019 the accumulated deficit is still $74 billion. In between they earned $110 billion after taxes.

Fannie Mae "accumulated deficit" is similar. It's just easier to remember Freddie numbers. Any jury can see through the swindle. So can potential new "investors". What's to stop FHFA and the Treasury from pulling the same stunt over again? They did it successfully to the new investors of preferreds in 2007 & 2008.

What exactly have you contributed to this board so far?