Fannie Mae-No Politics (FNMA)

[The Man With No Name]

Pushdown in 2012:

The SEC staff's guidance
further states that pushdown accounting is (a) required when 95 percent or more of an entity is
acquired, (b) permitted when 80 to 95 percent is acquired, and (c) prohibited when less than 80
percent ownership is acquired.
https://fasb.org/document/blob?fileName=EITF_agendareport_2012_05_14.pdf

But that all changed in 2014. Pushdown is optional at any level:

https://fasb.org/document/blob?fileName=Proposed%20ASU%20Business%20Combinations%20(Topic%20805)%20Pushdown%20Accounting%20(EITF%2012-F).pdf