Fannie Mae-No Politics (FNMA)

[Donotunderstand]

Please read the entire post - which I repeat - per my READ (not an accountant) - with reductions for what is allowed to be counted - with the requirement to pay off the SP/LP and then the required capital level - my rough math got us to 70B (negative) after SPS and LP) and needing to hit 188 to exit or $258 short of escape velocity - unless someone changes the underlying HUMAN physics

So the reported capital is

82B

but there is an obligation on the SP to erase it

-120B (not sure if this is all the phantom IOUs?)

So Fannie is negative 38 -- but it can not count JPS for 19B and needs to adjust for 12B of deferred tax

So Fannie is negative say 70B --- is that your math?

And then FNMA needs a positive 188B