Fannie Mae-No Politics (FNMA)

[Donotunderstand]

JO
not an accountant and hate Balance Sheets

but best I understand - both common and JPS currently offset liabilities as equity . When they were issued - they brought in 32B of cash and raised cash and equity value of company

the JPS are NOT debt obligations which if viewed as paid or somehow converted to common do wipe out those liabilitiies

again - said as a non accountant - who gets confused over Retained Earnings and Surplus and common equity and preferred equity -- but it is equity on the BS