Fannie Mae Preferred S (FNMAS)

[Joe Stocks]

Beta, You should be ashamed of posting yahoo's "toy" balance sheets. They are junk,...garbage. Look at the liabilities. Get the real 10q or 10K's

http://www.sec.gov/Archives/edgar/data/310522/000031052213000077/fanniemaeq10331201310q.htm#s978E06FD88532BB02C301837BAE56C49

On the "real" balance sheet they show $23.4 bil in unrestricted cash. Keep in mind other that they have day to day other things to spend that cash on. This relates to what I am asking - where does the funds come from to send UST $59.368 bil this weekend??

Looking at the real balance sheet you can see where the DTAs come back on for $49.738 bil, and then how it all falls to the bottom line is shareholder equity which the UST skims off all but $3 bil.

You can't write the UST a check for $59.368bil and basically say it is offset and will be a wash on the next qtr financials.

I could be wrong. It seems very logical to me. I am surprised nobody sees it that way too.