Fannie Mae Preferred S (FNMAS)

[skibrian]

run out Q4 to whatever you think the increase in revenue/net interest income will be, make an adjustment of a couple billion for credit provision reversals....so...call it $10bn max???

THEN...reverse $60bn in DTA's...$70bn net income in one quarter. there are reports that the reversal will be done all at once...

easily done...

worst case, Q1 net income without DTA stays the same at $7.6bn...plus 60, that will be a one time huge quarter with $67.6bn in net income...almost all swept to treasury.

mind blowing...