Fannie Mae-No Politics (FNMA)

[Robert from yahoo bd]

Nice clarification Clarence, thanks! If the massive interest rate risk sitting in plain sight on the nations banks because a massive short term problem (it just took down SVB and Signature) the FDIC Incidental Clause will be required reading for Shareholders in effected US banks.

Interestingly, Basel III does NOT include interest rate risk in calculating capital standards and there's at least $620B in unrealized Losses sitting on the US banks financial statements as of 12/31/22.