I think I am getting what your saying. However you keep working with the glass half empty and not half full. The new income tax if as Trump originally suggested would cause growth the likes we haven't seen and that my friend means more profit and more room for DTAs advantage. Everything is going to work out. It best this way as the alternative isn't pretty.
I thought the reason the GSEs look to be in bad financial shape is because the government wasn't allowing them to take the DTAs so why are they so important now. When did we change back?