Fannie Mae-No Politics (FNMA)

[big-yank]

Fannie Mae makes $10 B per year. Of that, $7 B comes from application of DTAs that could be largely going away under tax code revisions. Then another $1 B comes from stiffing junior preferred shareholders on dividends for the last 8 years. Then another $1 B comes from stiffing common shareholders on dividends for 8 years. All up that means Fannie's huge income from which recapitalization must be funded is $1 B per year at the present pace of income generation.

NICE!

$1.8 B net worth and a HUGE $1 B per year to recover in what hear? 2117?

LOL.