Monday, January 20, 2014

Fannie has a DTA of 48 billion to put towards pay back

Some stuff I posted on Yahoo FNMA message board.

From 10Q
The balance of our net deferred tax assets was $48.7 billion as of June 30, 2013 We expect that the remaining valuation allowance not related to capital loss carry forwards will be reduced against income before federal income taxes throughout the remaining quarters of 2013 until that amount is reduced to zero as of December 31, 2013. The timing of the reduction of this remaining valuation allowance will be determined by our estimated income recognition for 2013.

Fannie Mae, was founded in 1938 during the Great Depression as part of the New Deal. 
Fannie did not drag anybody down, fannie does what they are chartered to do. Fraud is why fannie did bad this time. Fraud from the banks that will lose lawsuits to the tune of 200 billion. fannie is a secondary mortgage martket. they do not make subprime loans, they have guidlines that they followed. And dont forget all the banks were bailed out with Tarp and easy money from treasury. all the banks would have failed if not for the bailouts and the moving of their #$%$ assets to fannie mae. anyway its obvious fannie has never taken this country down the drain and if did anything has only propped up the economy when the banks would of folded and not a single loan would be made and all loans would be in turmoil without fannie and freddie support via us treasury.

from q2

The balance of our net deferred tax assets was $48.7 billion as of June 30, 2013 
We expect that the remaining valuation allowance not related to capital loss carryforwards will be reduced against income before federal income taxes throughout the remaining quarters of 2013 until that amount is reduced to zero as of December 31, 2013.

again from 10Q:

Item 1. Financial Statements 
Increase in deferred tax assets, net (3) 48,679 billion

(3) Represents an increase in the carrying value of our deferred tax assets as of June 30, 2013 compared with December 31, 2012, as we released the substantial majority of our valuation allowance against our deferred tax assets in the first quarter of 2013. 

Proof from 10Q. listed under assets as of June 30 2013

search the 10q for 48.6 that is the amount of the dta released in q1 then
search the 10q for 48.7 that is the amount of the dta they have to still release in q3 or q4 before end of this year or lose it.

this Needs to be understood, the first Dta paid was 48.6 billion, they are going to release another 48.7 billion in next 2 quarters. Loan paid back then? for sure it is!!

No comments:

Post a Comment

leave a reply: