Replies to post #604892 on Fannie Mae-No Politics (FNMA)

[mrfence]

That's fair comparison so let's take apple's 55 billion net income divided by 4.34 billion common shares outstanding trading at $286.69 and do a little math.

Apple earned $12.68 per share and trades at $286.69 per share.

Fannie Mae earned $14.2 billion with 1.16 billion shares outstanding equaling $12.24 per share and trading at $1.90 per share.

Would yah be a dear and run the numbers on the rest of those companies for the board? :-)

[Guido2]

Apple to apples. Fannie Mae doesn't operate in foreign countries. Let's just compare U.S. income. Which corporation paid the most in federal taxes?

[chessmaster315]

I suggest you put Apple, JPM in conservatorship, and have the government mismanage them for 11 years, then see how they "only" earn 14 billion in a year.

FNMA had the largest quarter earnings EVER. 54 billion in a single quarter...that is 4 times what those were.

[chessmaster315]

JPM and BAC cant seem to even pay back the money from the bailout from the government!!!!

JPM never paid back 3.1 billion of 2008 bailout and BAC never paid back 2.1 billion.

If they are making so much money, why cant they even pay back the government bailouts????? (like fannie mae did!)

Source:
https://projects.propublica.org/bailout/list

Scroll down to chase and BAC