Yes. After Two Record earnings years in a row, 18 billion followed with 84 billion, fannie mae is "profitable in the foreseeable future".
While most of us already knew that, it is just hard to think of a senario more bullish for shareholders, except that we have to send the divies to the government.
The 64,000 question is, of course, how much MORE than what we got from Uncle SAM do we have to pay to make them happy? A billion dollars? 2 billion? We have already overpaid the government $5 billion and it is unconscionable to conceive that we somehow owe the government our profits for eternity because we accepted their bailout.
It reminds me of the greedy parents who send their kids to college, then expect those kids to support them forever, with 100% of their income.
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