Fannie Mae-No Politics (FNMA)

[Robert from yahoo bd]

After the 3rd Amendment, the GSES were required to pay their entire Net Income over to the US Treasury each quarter.

Like any business, because the GSES had losses from 2008-2011, they are allowed to carry forward these losses to future years if they eventually recover. Under the Internal Revenue Code, these carry forward losses are eventually reduced to zero as the business uses them in profitable years.

Here, the FHFA (and UST?) in order to take every penny from the corporations, told the GSES to write off the $50B+ in deferred tax assets, under the premise that the GSES would never be profitable within the foreseeable future. Then subsequent to the NWS, the FHFA (and UST?) reversed itself and reversed itself.

When you or one of your businesses owes taxes, to whom do you write the check to? The US Department of Treasury (aka Uncle Suggy .

Does it matter if it was CASH or not paying what would have been CASH due to the US Treasury?

BTW, any intra governmental communications between the US Treasury and the FHFA were EXCLUDED FROM TRIAL AS THE GUBMINT CONTINUES HIDING BEHIND EXECUTIVE PRIVILEGE AND NATIONAL SECURITY exemptions to Discovery. Here, the Truth revealed to the American Citizens would make the Government look bad.

https://www.washingtonpost.com/news/wonk/wp/2013/05/04/this-accounting-tweak-by-fannie-mae-and-freddie-mac-will-mean-60-billion-for-the-u-s-government/

https://www.pwc.com/us/en/services/tax/library/demystifying-deferred-tax-accounting.html

https://www.irs.gov/payments/pay-by-check-or-money-order#:~:text=Make%20your%20check%2C%20money%20order,send%20cash%20through%20the%20mail.