Fannie Mae-No Politics (FNMA)

[Wise Man]

***BREAKING NEWS*** New complaint filed with the S.E.C..
FINANCIAL STATEMENT FRAUD
An amount of SPS Liquidation Preference and its offset that, as Additional Paid-In Capital can't be negative, is reduction of Retained Earnings, are missing in the balance sheet. They post a charge on the Income Statement instead, called "future increase in senior preferred stock liquidation preference." This is a deliberate misrepresentation of the financial condition. More detail on #Fanniegate.