Fannie Mae-No Politics (FNMA)

[Wise Man]

You have calculated TIER 1 Capital, when I'm talking about Core Capital.
Similar, but different. Evidence that you can't follow the arguments.
I'm not going to explain more because, if you don't understand what you write, you can't understand my explanation.
Someone sent you the script.
Fannie Mae is not reporting under GAAP because it's accused of Financial Statement fraud (SPS LP increased for free and its offset, are missing on the balance sheet)
Significantly undercapitalized? How about Critically Undercapitalized with Deficit Capital available?

Fannie Mae had a GAAP positive net worth of $78 billion at YE23, the Enterprise Regulatory Capital Framework excludes the stated value of the senior preferred stock ($120.8 billion), as well as a portion of deferred tax assets, resulting in the Company being significantly undercapitalized.

Please, refrain from replying to my posts, Mr. Pro Se.