Fannie Mae-No Politics (FNMA)

[Robert from yahoo bd]

Hardly ANY credit risk (the problem in 2008), tons of interest rate risk. Is this a ticking time bomb? From the FDIC chairman:

"The total of these unrealized losses, including securities that are available for sale or held to maturity, was about $620 billion at year end 2022."

In other words, the US banking system as of end of 4Q22 had $620B in UNREALIZED LOSSES.

Those losses are unrealized because of the accounting treatment, but will easily become realized losses if there is a depositor run on the banks.