Saturday, July 13, 2013 2:55:53 PM
It does appear that FNMA is able to post higher profits as well.
If, FNMA is able to use the the additional $8 billion in tax benefits they have this quarter, which, I'm not sure if they can / can't, then they would be almost golden.
The more that is paid back, the more pressure is placed on congress / FHFA and quite frankly... I am wondering, but not expecting, if c-ship will end prior to potentially fully repaying the treasury.
I say this because, with this next quarter if we get an income of let's say 10 billion, and even if they add the 8billion tax benefit, we still look at about 18 billion.
They have about 22 billion to pay back if assuming we can rescind the previous payments. (which, if that did happen then the dividend payments would end up taking longer to pay the treasury back based on the perry lawsuit as the 60 billion may have to be re-evaluated since investors WANT a piece.)
Still, I am going to expect that this next quarter is 10 billion income estimated, and nothing else added to it. I like to under estimate just to be safe.
Anyway, things to consider.
I think I'm out for now.
-Z
( ~ May your entry be well prepared and your exit be swift. ~ )
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