Replies to post #235390 on Fannie Mae-No Politics (FNMA)

[Blushing green]

"At the time of the negotiation and execution of the Third Amendment, the Conservator and the Enterprises had not yet begun to discuss whether or when the Enterprises would be able to recognize any value of their deferred tax assets..."

The Blackstone presentation (which was before the third amendment) proves that the DTAs had value.