Fannie Mae-No Politics (FNMA)

[contrarian bull]

https://www.housingwire.com/articles/41727-republican-tax-plan-will-trigger-another-fannie-freddie-bailout

I was browsing some older news articles on F&F and somewhere around 2007 they "wrote down" a lot of their DTA's because they didn't forecast being profitable. They don't have to wait until their value actually changes.

So if by the end of Q4 the tax plan is locked in - they could write them partially down, reducing their net worth to zero even before the next sweep. That won't fix the whole problem but between F&F they could hold back $10billion or so this way. Next NWS would be zero no matter what FHFA and Treasury say or do.

Bad news is good? (which is the definition of a bull market)