Fannie Mae-No Politics (FNMA)

[Guido2]

You can only have accumulated deficit when you have losses. How can a corporation that pays more in income taxes than Berkshire Hathaway and most of the Dow Jones 30 have accumulated deficit? It's there just to prop up the equally bogus SPS. When the SPS is written down, they'll have retained earnings.

Here are a couple of my old tweets:

@MarkCalabria @SecYellen @FHFA & @USTreasury use Voodoo Accounting to keep @FannieMae & @FreddieMac in bogus conservatorship. 12/31/2011 Their "accumulated deficit" was $202.9 billion. 12/31/2020 It is $183 billion deficit. In the interim, they earned $303.8 billion after taxes

— Guido da Costa Pereira (@GuidoPerei) April 6, 2021

https://mobile.twitter.com/GuidoPerei/status/1497643832824922116

Ignore LP. It only matters in bankruptcy. It will be written off same time as SPS.