Wednesday, June 12, 2013 5:46:56 PM
Guys, F and F will be released from C-Ship at the end of 2013 as latest. WHY ?????
1/ FNMA with 59B DTA did help Government budget deficit gone through Sep 2013.
- This year with higher tax revenue still cannot cut the deficit. Without 59B DTA from FNMA, Government did run out funds from 5/2013.
- Government also had to sell the remaining holdings of AIG at the beginning of this year, and has just sold holdings of GM last month.
2/ FMCC with 30B DTA will be released on next Earning 8/6 will help budget deficit gone through 2013
And then THAT'S IT ! Nothing left for Government to rip them off.
3/ SO ????? Where will be the extra funds to cut the deficit for next year 2014 ? Only the Senior Preferred in FNMA & FMCC can help Government to do so. The 2 Companies are the left bail-out enterprises that Government can make money.
And guess what ?
Government has to release the 2 Companies from C-Ship by the end of 2013 as latest to be able to convert their Senior Preferred to Commons to help the budget for next fiscal year 2014.
Corker has 6 months left to play with his shet bill. And Government has only 6 months left to release F and F from C-Ship.
HOLD ON THE STOCK AND WE WILL HEAR THE GOOD NEWS SOON
Just my opinion. Any thought ?
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