Fannie Mae-No Politics (FNMA)

[contrarian bull]

Technically they are allowed to borrow the money to pay for the sweep. The sweep has not ended, it's just being taken in the form of liquidation preference, not cash. Since the seniors are not counted to determine liquidity of the companies it appears to increase their net worth, however their net worth remains at zero and will remain at zero until the agreement is amended again, or until the supreme court demands it.

Yes, and they allow them to retain their capital, this is the end of the NWS, this is BIG, plus they have already retained nearly the 25 billion allowed as of last year. Remember Alito said it was nationalization, can’t be allowed if Constitution is followed. Constitution will be followed moving forward. DECLAS is this beginning.