Fannie Mae (FNMA)

[Wise Man]

A layman making a comparison: Net Worth 2008-2023.
Notwithstanding that today's Balance Sheet (once the S.E.C. fixes their Financial Statement fraud with the $125B worth of SPS LP increased for free as of December 2017, and its offset with reduction of Retained Earnings account, absent from their Balance Sheets), is comprised of:

- $316B SPS LP outstanding.
- $-216B Accumulated Deficit Retained Earnings accounts, and account that absorbs the future (unexpected) losses, which is what the Capital ratios are for (Retained Earnings is Core Capital). So much for "rehabilitation".
Capital Stocks DO NOT absorb losses (reduction). They just offset a negative Retained Earnings account, so the Net Worth remains with positive balance.

Regarding their Net Worth, today's $125B NW has been built with the $125B SPS LP increased for free since December 2017, absent from the Balance Sheet. Thefore, out of $125B Net Worth, $0 corresponds to the Common Stocks and $0 corresponds to the JPS.
Your comparison of Net Worth 2008-2023 is another plan of deception, in order to conceal the reality of Fanniegate, with your boss Tim Pagliara involved for sure:

I have been involved in every aspect of this issue at the highest levels for 9 years. Source

We can trash the Capital ratios and use your layman's terms if you wish.
So, please, with the self-proclaimed unsophisticated lawyer, the attorney for Berkowitz, David Thompson, is enough.

With respect to capitalization, I am not a regulatory lawyer. I am a litigator....That's being watched by a number of sophisticated lawyers...

In a Conference Call hosted by Tim Pagliara.
22:30 mark:https://web.archive.org/web/20200619174039/https://investorsunite.org/wp-content/uploads/2020/01/1-24-IU-Teleconference-Audio.mp3