Fannie Mae-No Politics (FNMA)

[kthomp19]

Show us current accounting that proves 33B is part of the current capital quoted (the 110B retained).

Check page 63 of Fannie Mae's Q3 2023 10-Q form released today. It shows $19.130B in the "Preferred Stock" line of the stockholders' equity section. And that isn't the seniors because the seniors have their own line above it.

You can find Freddie's numbers on page 48 of their Q2 2023 10-Q form (Q3 hasn't been released yet). Freddie's juniors have a book value of $14.109B.

Add the book values of the two companies' junior preferred shares and you get $33.239B, which usually gets rounded to $33B in conversation.

Ya can't

I just did.

Even when released JPS equity will only be whatever JPS prices add up to total

Wrong. The book value of the junior prefs' equity is $33B no matter what the current market prices are.

and that's gonna be far short of 33 billion, like it is now.

Wait, so now you can predict the future? I thought that nobody could say anything about the future because none of us knows what is going to happen?
Hypocrite.