Fannie Mae-No Politics (FNMA)

[Wise Man]

$103B Net Worth is the $103B SPS missing on their balance sheets.
$103B SPS built since they were allowed to retain capital in September 2019. So, no regulatory capital is built because these gifted SPS carry an offset that reduces the Retained Earnings (core capital). As a consequence, the C.C. remains stuck at $-193 billion every quarter, concealed with the financial statement fraud mentioned with these SPS that are missing. All a big lie and you help them providing the cover-up and blessing.
Not only you cheer up the fact that the Net Worth that corresponds to the JPS holders and common shareholders is $0, but also you peddle the narrative contending that the current balance sheet in FnF stays as is, with a total $296.5B SPS outstanding and $301B cash syphoned off to Treasury as illegal dividend.
But there is more! You pitch the Consent Decree, which is a Conservatorship 2.0 and the closest status to a Utility Model sought-after by the plotters.
FnF are governed by the Charter Act and so will be once they resume independent operations with the end of the Conservatorships.
The Capital Rule shows $400B capital shortfall over Min Leverage capital requirement.
The Stress Test is a different thing and it takes into consideration the current balance sheet with the SPS mentioned.

in the meantime - Fannie & Freddie now have $103.1 BILLION net worth

and could be Consent Decree RELEASED tomorrow with ZERO mkt IMPACT

STRESS TESTS have ALREADY SHOWN the GSEs can handle ANY STORM