The Income Stmnt would be correct if:
A joke is authorized in the FHFA-C's Incidental Power(FHFA's best interests) if the Common Equity is held in escrow, pursuant to the exceptions 1,2,3,4 in the CFR1237.12. I.e.,at some point, it'd be reversed(SPS cancelled)
Once FnF meet the threshold to resume the div payment,the cumulative div on the SPS repaid in 2013/2014, for FMCC/FNMA, resp.,is assessed 0%. Each "purchase" carried its own IRR. 0% due to the illegal collateral W (barred in Fee Limitation),security to (iii) protect the taxpayer.
zero, it's called "write-off",since there are no more incremental write-downs and it involves a credit to a profit acct.
This is why FnF don't include it in Other Comprehensive Income for the Total Comprehensive Income,but outside the Comprehensive Income, as a distribution of income, like occurs with a cash dividend to the JPS/SPS holders.
Later,he just has to tap debt and,illegally, FnF, to pay for this scheme of economic devastation.
We see in the screenshots that the maximum amount of Net Worth they are allowed to hold, it's called Applicable Capital Reserve, like in the 3rd amndt.
Other examples of this Inc Power:
The Justice mixed up the Authority of UST to Purchase Obligations (SPS) that HERA required the emergency determination(ii)to prevent disruptions in the availability of mortgage finance, with the rehabilitation of FnF, which is exclusively the FHFA-C's power: "Put FnF in a sound 
FDI Act: 12USC1821(d); 12USC1831o(d)
It seems that he copy/pasted the flawed ruling from J.Sweeney:
Corroborated also in the preface of the Final Rule,making clear that there is a law that contemplates the Capital distribution while in Conservatorship(besides talking about its Rehab power)
The judge cites an authority of UST(added by HERA)to purchase UNLIMITED YIELD obligations SPS +Warrant(iii)to protect the taxpayer.
FnF are building up Capital($205b C requirement)w/ the div suspended.Blame FHFA.The crooks Pagliara,Bradford,C.Phillips,Rosner,etc,run the story of Govt theft instead,maintaining the expectation of a Court resolution,when the lawsuits are the problem(Capital deficit not targeted)
Yellen's proposal could be a 15% rate on foreign Cos subsidiaries of 🇺🇸Cos w/ a 15% min Corp Tax & a credit of 100% of the foreign rate.
But we see in the balance sheet that it's NEVER recorded. Since the 4th amdnt to PA(Dec 2017),the SPS in the balance sheet don't match the real data(Fin Statement Fraud)in order to don't post the offset(Reduction of Retained Earnings,once Additional Paid-In Capital was exhausted) 
The key is that it emanates from the provision in the Charter Act called: Authority of UST to Purchase Obligations.Terms and Conditions.
A report paid by the sponsors of the Moelis plan(J.Paulson/BX)to make the case for the corrupt plaintiffs:the coverup of the statutory provisions in the FHEFSSA and the Charter Act.
It took 2 yrs and 8 mths for the E.U. to take up the Article 33 of Delegated Regulation(EU)2015/2446 and claim that the shift in production of HOG isn't deemed to be "economically justified" on the basis of the facts(HOG's SEC filing was their exit strategy) to avoid the tariffs. 
