Replies to post #484499 on Fannie Mae-No Politics (FNMA)

[Cubshawk]

YanksGhost --- No, I am sorry but you are wrong. I have posted the link numerous times.

You can Google: Financial Report of the United States of America prepared annually by the UST. The perinent sections are in Notes to Financial Statements. I refer you to rules 8, 11 & 17.

Uh, please show me where your footnotes show that the GSE's cost the government $250 billion each year. Because I don't see it. Footnote 8 says the following -

Based on the annual forecasts as of September 30, 2017 and 2016, Treasury estimated there was no probable future funding draws. However, the reduction in the U.S. corporate income tax rate resulting from the enactment of the Tax Cuts and Job Act on December 22, 2017, required that each of Fannie Mae and Freddie Mac record a reduction in the value of their deferred tax assets in the quarter in which the legislation was enacted, impacting potential future funding draws. The funding draws and the associated amounts are expected to be realized in March 2018. Management believes the amounts of such draws will not be material to the consolidated financial statements.

This supports what I'm saying - that there is no impact to the budget. Help me out and show me where it shows that the GSE's cost the government $250 billion per year. I don't see it.