Replies to post #792432 on Fannie Mae-No Politics (FNMA)

[Rodney5]

No, I did not suggest that, because there are no capital requirements, FnF aren't required to build capital.

How are you mr wiseman fixing this? You continue to make excuses that somehow what the government is doing is legal and a secret plan is in the making to undo the stranglehold on the shareholders.

EXPLAIN THIS AWAY!

While Fannie Mae had a GAAP positive net worth of $78 billion at YE23, the ERCF excludes the stated value of the senior preferred stock ($120.8 billion), as well as a portion of deferred tax assets, resulting in the Company being significantly undercapitalized. Indeed, at YE23, the shortfall to adjusted capital requirements totaled $243 billion, with the Company reporting negative regulatory capital ratios given deficit for each tier of capital.