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Re: jog49 post# 414127

Sunday, 05/28/2017 11:03:26 AM

Sunday, May 28, 2017 11:03:26 AM

Post# of 796372
Freddie Mac most certainly is. Their unconsolidated tangible value is -$73 billion.

Concerning the wash rule. "Substantially identical" means: a stock trading on a different market representing the same assets. Example, arbitraging an American ADR on the OTC who's source stock trades in Luxembourg. Fannie and Freddie do not represent the same assets. They are two completely opposite companies. The wash rule does not apply by trading one for the other.