Replies to post #436698 on Fannie Mae-No Politics (FNMA)

[kthomp19]

SPS of $187.5B is a liability.

False.



That's taken directly from Fannie Mae's most recent 10-Q. Senior preferred is stockholder equity, it is not a liability. You will find the same in Freddie's filings.

And you still haven't answered the question of how $187.5B magically appears in FnF's bank account once the senior preferreds are cancelled.