Fannie Mae-No Politics (FNMA)

[The Man With No Name]

https://www.morganlewis.com/blogs/financialreporting/2014/11/sec-will-no-longer-require-an-acquired-entity-to-use-pushdown-accounting-upon-a-change-in-control

I don't really understand what all the fuss is about, Treasury could take 99.99999% of the common stock position but the JPS remain...which is equity...thus limiting the government's ownership position....(until the JPS takes a conversion deal).