Thread by @CarlosVignote

@Ano3020100 Yes,but the increase in the SPS Liq Preference doesn't appear in the balance-sheet since the 1Q2018,because they are all SPS increased for free (FnF didn't get the cash). They do it in order to don't post its corresponding offset (reduction of Paid-In Capital/Retained Earnings)

@Ano3020100 $20.7b Sept 30,2020. If we post the true SPS in the bce sheet,along with their corresponding offset (reduction of Retained Earnings), we have that the NW is comprised for:
$16.5b SPS
$4.2b Retained Earnings
But,taking into account the $4.2b SPS on Dec 31,2020 + offset:
$20.7b SPS

@Ano3020100 So,I've adjusted the NW as of Sept w/ the SPS pending to be increased on Dec,in order to have a more accurate view of their current NW.
On Dec,the NW will be increased with the profits(unknown today)but it's imaginary,because there'll be pending SPS increased on March+its offset.

@Ano3020100 There's an offset because the money is not free. It has to come from somewhere when you hand out stocks for free.
If we take into account the SPS that will be increased at the end of the next quarter, this is always their Net Worth:

@Ano3020100 It looks to me like we witness a backdoor Nationalization through Securities/Fin Statement/Accounting Fraud+ violation of Law.#Trump's Bolivarian Revolution.#Fanniegate $FNMA @Scotus @SEC_Enforcement @FHFA @USTreasury @WhiteHouse @FSCDems @FinancialCmte @BankingGOP @SenateBanking

@Ano3020100 @Scotus @SEC_Enforcement @FHFA @USTreasury @WhiteHouse @FSCDems @FinancialCmte @BankingGOP @SenateBanking Many Justices accused @TheJusticeDept of carrying out a nationalization, instead of Conservatorship.
Now, Trump and his inner-circle begin a campaign to smear Scotus.
Scotus isn't a court to investigate the proofs or dismiss a lower Court's ruling per se.

https://twitter.com/realDonaldTrump/status/1342830505163706369?s=19