Fannie Mae-No Politics (FNMA)

[Wise Man]

Welcome to the Secret Plan.

I have bad news for you if you ever expect these plans to be made publicly available.

The UST already required Recap plans for its 2011 3-option plan on ending the Conservatorship requested by the Dodd-Frank Law, because the UST envisioned a Privatized System.
The plan was the repayment of the SPS and build Retained Earnings in a Separate Account 12 years in the making now, the same separate account utilized by FHFA and UST in the 1989 bailout of the FHLBanks by Congress (Section: "Separate Account")
You want a Capital Restoration Plan 12 years later and starting not from $0, but from Capital Deficit. Stunning negative figures in all the capital metrics. For instance, the core capital in Freddie Mac as of end of 2022 = $-35 billion. Fannie Mae = $-61 billion. Figures that have to be adjusted for the offset when the SPS are increased for free. So, they are even lower.