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Re: Rodney5 post# 781988

Monday, 01/15/2024 5:55:37 PM

Monday, January 15, 2024 5:55:37 PM

Post# of 796535
Oh, I'm not disagreeing that's not the way it should be. I'm just looking at a FNMA balance sheet on Marketwatch site and there are lines for:
- Preferred Stock (Carrying Value)
- Redeemable Preferred Stock
- Non-Redeemable Preferred Stock

It's only the "non-redeemable" that holds a 139.97B entry. I have no idea how accurate the balance sheets are on any of these sites. It could be that there are several lines wrong on them. Regardless, the real point is - where is the liquidation preference? If it's just in a bucket of shareholder equity with no reference to the fact the LP is far above senior's par value, then it's shenanigans.