Fannie Mae (FNMA)

[FFFacts]

The SEC reference you provided states that they amortize the INCOME. Unamortized portion is an ASSET similar to an annuity. Look at their 2008 & 2009 balance sheets. They were recorded as assets.

It's an accounting method that they choose that complies with GAAP. I'm not a financial engineer but even if the companies are worth more intrinsically, why are you complaining about it? Do you want treasury to sweep that up?

The government did NOT PURCHASE their shares in 2008 or 2012. You cannot use those prices for valuation.

There is no need for them to purchase shares for a takings claim. Why would they purchase shares and then claim a takings anyway?

They have not yet been designated utilities. They are compared to insurance companies. The average multiple is 19 for an insurance corporation. I was very conservative in using 12.

It doesn't matter if they are designated as utilities. Look at the regulatory action that has been undertaken limiting their holdings to only $250 billion and look at the CRT mandates. They are under federal charter limiting their business model and the regulatory action has further hindered their ability to maximize profits.

Are you going to file an amici with scotus?