Replies to post #569247 on Fannie Mae-No Politics (FNMA)

[navycmdr]

GOVT Goon Lawyers next Court Appearance ---

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[contrarian bull]

I've noticed that Fannie has been reporting a "NET WORTH" of approximately $3B lately. Is it generally accepted accounting principles to not count all preferred stock liquidation value against net worth? I always thought that it should not only count against shareholder value, but against net worth too. I'm still trying to figure this out...

I'm not an accountant, although I do know how to use QuickBooks.