Replies to post #163742 on Fannie Mae-No Politics (FNMA)

[obiterdictum]

The declaration misses the main points of the Plaintiff allegations and tries to eliminate a minor Plaintiff narrative one that states the US Treasury and FHFA knew that the GSEs would be profitable based on the first two quarterly reports in 2012. Of course, the 10-Qs document the the actuality and view that there is presently and would be in the foreseeable future of the Enterprises increased profitability while the US Treasury and FHFA were predicting that they would continue to draw from and be dependent on the US Treasury far into the future. The GSEs state they will be profitable in the audited 10-Qs and the US Treasury and FHFA says no to that and produces pre-decisional tables and charts that say the opposite. Who is making an accurate telling?

Perry Capital suit see page 4 number 7

45. In addition, in the first two quarters of 2012, the Companies posted sizable profits
totaling more than $10 billion. The Companies’ 10-Qs disclosed that they expected to be
consistently profitable for the foreseeable future. These projected future profits meant that the
Companies would be able to remove the valuation allowance against their deferred tax assets, worth approximately $100 billion, in future years. Perry Capital suit page 19.

See: http://blogs.reuters.com/alison-frankel/files/2013/07/perryvus-complaint.pdf