Fannie Mae-No Politics (FNMA)

[Wise Man]

I'm quoting my complaint filed with the SEC, because it's a big lie and I've laid out the explanation.
The idea that FnF are retaining earnings is illusion, since there's an offset pending to be recorded in the form of REDUCTION OF RETAINED EARNINGS (in the absence of Additional Paid-In Capital account) caused by the increase in the SPS liquidation preference for free.
Once FnF record the actual SPS amount, because now the actual SPS and the amount in the balance sheet don't match, they have to post the offset.
In this world, you can't hand out stocks for free. It has an offset and it comes from the shareholders' pocket (Additional Paid-In Capital)
The UST Plan is wrong, the WSJ is wrong and FnF are wrong.
That's why I filed a complaint with the SEC against Freddie Mac and a second complaint, against Fannie Mae in its 1Q2020 report, because it posts a charge on the Income Statement when FNMA reported a decrease in the Net Worth and thus, no SPS were required to be increased, accused of Financial Statement Fraud.