Fannie Mae-No Politics (FNMA)

[capitalismforever]

Can anyone explain to me how the government benefitted from re-recognizing the Deferred Tax Asset in 2010 that was previously impaired in 2008 when 1. recognition of a deferred tax asset can't take place until the company is no longer in conservatorship and 2. The government can't be a reciever of a tax benefit they are the provider of unless you believe taking money out of your right pocket and placing it in your left pocket produces a gain.