Fannie Mae-No Politics (FNMA)

[cdhames]

In value paid back to the Government FNMA is only a rough $20B away and FMCC about $37B.

If FNMA recognizes the remaining $10B in deferred tax assets and comes in anywhere near $10B profit then ... MAGIC

My guess is FMCC will try to recognize their $30B deferment in Q2. Another $7B profit and... MAGIC

Yes, Q2 looks good. Q3 looks even better. Time is on our side.