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betahighlander

06/28/13 4:14 PM

#9786 RE: dpsimswm #9785

at end of Q1 Cash And Cash Equivalents 215,483,000
That is in thousands,
Lots of dough here siting around not even earning an angels share.

http://finance.yahoo.com/q/bs?s=FNMA
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Joe Stocks

06/28/13 4:15 PM

#9787 RE: dpsimswm #9785

But they have been sending away that "ton on money" to the UST quarterly. If they had been retaining those profits, then they could have paid it out of "cash" to make that $50 bil payment this quarter ($60+ bil counting the profits earned). Keep in mind the $50 bil increase in profits last quarter from DTAs was mostly an accounting entry. It had no affect on cash. You say we do know how they funded it. I ask you how? Are they going to take it from their cash reserves? Taint said he heard that they took on debt to pay the UST. I agree, they are making a ton on money. Had they been able to keep it I would not have an argument with you. But, if you are saying they are going to pay the UST with the "ton of money" in the future, I ask you how that is reflected on the balance sheet. Obviously they can't take it from past profits because the UST has already skimmed it off.