Replies to post #4189 on Fannie Mae Preferred S (FNMAS)

[CatBirdSeat]

It's a little too early in the day. Remember Freddie generally has rockstar hours. Besides, maybe this could be the start of a very long steady climb.

[brandemarcus]

How were these earnings that much better than November's ? Let's see what happens when there are derivative gains and 5 billion of loss reserve reversals. Add putback litigation and tax loss valuation reversals too that.
Although we need to remember that you have to think the net investment idea is valid to care at all what earnings are. IF you don't think it's valid than even a trillion profit a quarter has no meaning. It just goes to repay the taxpayers perpetual claim.
I explained my thinking on this in a previous post. I think it's clear when you read the entire paragraph.