Fannie Mae-No Politics (FNMA)

[obiterdictum]

It is not a matter of opinion.

There are facts of the matter you are concerned with and these facts are found clearly stated in the SPSPAs made between the US Treasury and the GSEs

Then there is opinion or interpretation of the facts. These can be accurate or inaccurate.

The facts are found in the latest Form 10-K submitted on April 2, 2013 to the SEC. You can read it directly.
http://www.fanniemae.com/resources/file/ir/pdf/quarterly-annual-results/2012/10k_2012.pdf

You also can read all of the SPSPAs (PSPAs) and the amended versions here:
http://www.fhfa.gov/Default.aspx?Page=364

Currently, there are draws and dividends.

If one imagines that there are pay downs and debt, please show were those terms and meanings are found in these documents, the single sources of the facts on this matter.