Sunday, March 31, 2013 11:06:03 PM
"In November, however, Treasury amended the terms of the senior preferred stock agreement, which eliminated the 10% dividend requirement, but instituted a complete dividend sweep of any profits the companies may have, eliminating the companies' ability to retain their earnings and making it impossible to pay back the bailout funds. So even if Fannie and Freddie are able to reclaim the total amounts of their deferred tax assets - $61.5 billion for Fannie and $31.7 billion for Freddie - there is nothing this author can see to keep Treasury from sweeping these amounts into its coffers as dividends without applying it to the debt owed."
Avant Technologies Equipping AI-Managed Data Center with High Performance Computing Systems • AVAI • May 10, 2024 8:00 AM
VAYK Discloses Strategic Conversation on Potential Acquisition of $4 Million Home Service Business • VAYK • May 9, 2024 9:00 AM
Bantec's Howco Awarded $4.19 Million Dollar U.S. Department of Defense Contract • BANT • May 8, 2024 10:00 AM
Element79 Gold Corp Successfully Closes Maverick Springs Option Agreement • ELEM • May 8, 2024 9:05 AM
Kona Gold Beverages, Inc. Achieves April Revenues Exceeding $586,000 • KGKG • May 8, 2024 8:30 AM
Epazz plans to spin off Galaxy Batteries Inc. • EPAZ • May 8, 2024 7:05 AM