Replies to post #12579 on Fannie Mae Preferred S (FNMAS)

[jwnoble3]

My two cents...

I think that now these two are near zero its a power shift to Jack Lew (TSY) to undo the PSPAs. He knows the law quite well. Also, keep in mind that the FED needs an efficient set of GSEs to taper out of QE (all the MBS they bought they REALLY need a liquid market).

http://en.wikipedia.org/wiki/Quantitative_easing

Tim G was smart enough to get out of TSY and save face. Ed D may not get so lucky.

GLTA JW

[camaro4me]

I'm losing it. Nap time coming up.

[JSstock]

And then don't they have to back out the DTA, which when taken in the first place got capitalized into the "can't pay it back" bailout amount? Is the "real loss" closer to $85B or so?