Replies to post #781988 on Fannie Mae-No Politics (FNMA)

[DaJester]

Oh, I'm not disagreeing that's not the way it should be. I'm just looking at a FNMA balance sheet on Marketwatch site and there are lines for:
- Preferred Stock (Carrying Value)
- Redeemable Preferred Stock
- Non-Redeemable Preferred Stock

It's only the "non-redeemable" that holds a 139.97B entry. I have no idea how accurate the balance sheets are on any of these sites. It could be that there are several lines wrong on them. Regardless, the real point is - where is the liquidation preference? If it's just in a bucket of shareholder equity with no reference to the fact the LP is far above senior's par value, then it's shenanigans.