The general sentiment here is hat because Fanny made a billion dollars in a quarter, the conservatorship will be ending soon. Here is a bit of information that you should think about:
NEW YORK (CNNMoney) -- When the dust settles, the federal bailout of Fannie Mae and Freddie Mac will be the most expensive government rescue of the financial crisis -- it already stands at $153 billion and counting.
Even as the Obama administration unveiled its plan for reforming the firms, experts agree taxpayer losses are going to continue to climb, no matter what Congress eventually decides to do with them.
Just when I thought we had cleared out all the complete nonsense and had actually started some type of coherent understanding of where we are, tealcarver comes out of the woodwork. Please do not get into a black infiniti anytime soon
Did you forget to add in the dividend payments of late? I didn't read anything about interest in the 10-K report dated 4/02/2013. The result of the goverment not bailing out FnF would have been more costly than the billions they did give to them. Oh and it's "that" not "hat".
who are the idiots included in your sentiment (general)? looks like you are short and trying to cover before the blast. Watch out Warren and team when they come in all shorts will loose shirts which will have to be then sold in Christmas sale. Maybe your shirts will be auctioned off .
The information is still accurate on the amount owed. Even with billion dollar quarters, it is going to take a very long time to accumulate 153 billion dollars. If my calculations are right at two billion per quarter it would take about 19 years to pay the taxpayers the money they "loaned" Fanny. Many will say they didn't need the bailout, and my question is then "Why did they take it?". Wishful thinking from "future millionaires" does not change the facts, and neither does name calling and snide remarks. I will say that I have never seen so much hatred on any board except this one. If you are not a "long and strong" supporter, everyone has a derogatory comment to make. My point is it still doesn't change simple recorded and easily accessible FACTS.
First, learn to read a financial report. Fannie made $8-$10 billion last quarter, has returned about $93 billion already and has about $60 billion in DTA's remaining. I won't try to explain DTA's to you, that concept is beyond your ability to comprehend. They will have repaid everything they were loaned by the end of the year. This assumes that the loan repayments are actually counted as repayments, not as "dividends" per the bogus August 2012 amendment.
Congratulations for the dumbest post of the day. It's still early but I doubt anybody will post something even more dumb today. My toddlers know more about Fannie and Freddie than you do.
Sentiment: Strong Buy