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Wednesday, 05/01/2024 3:51:51 AM

Wednesday, May 01, 2024 3:51:51 AM

Post# of 794426
BOOM. Fannie Mae meets market expectations of $0.00 EPS.
YEEEEEEEEEE!
Beware of the fraudsters that take the Net Income to calculate the EPS, instead the Net Income Attributable to common shareholders after the payment of dividends or other compensation to Preferred Stocks, in order to conceal the ongoing Common Equity Sweep (NWS 2.0).
The Common Equity generated in the quarter (Net Income + Other Comprehensive Income), is the Net Worth increase in the quarter that later is used to assess the compensation to the Treasury.

Reminder: this compensation is another Capital Distribution (number 1 in its statutory definition), just like dividends (#1 too), and thus, restricted.
Common Equity held in escrow, in order to uphold the CFR 1237.12 (we use the exception to this Restriction on Capital Distribution to legalize it: for the recapitalization) and the fhfa-c's Rehab power as well.

EPS at the bottom of the image.