Fannie Mae Preferred S (FNMAS)

[Joe Stocks]

i am not going to argue with you.

Good thing. You would more than likely lose.

it appears to me you are talking in circles


I understand that. Company 10q's and k's can be complicated and hard to understand. This thing with Fannie is extraordinary. That is why I asked the question. No other companies are required to write a check for the amount of their DTAs once they come back on the balance sheet. That payment to the UST has to be funded somehow. It is not going to be funded as Dave Sims says with ton of money from future earnings. I say "future" as we know the UST has already "stole" past earnings in the name of dividends earned. Obviously if Fannie is only allowed to keep $3 bil in shareholder equity (that means Assets exceed liabilities by just $3bil)they are not going to have a ready $49 bil extra to send to the UST.