Sunday, February 18, 2018

Fannie Mae 4Q 2017 Earnings Socked By a $9.9 Bil Income Tax Expense Charge Due To the Reduction in the Value of Its Deferred Income Tax Assets Required By the Trump Tax CUTS Act, Resulting in Fannie Mae Reporting a Net Loss of $6.5 Bil in the 4Q 2017, an Earnings Deterioration of $9.5 Bil From Its 3Q 2017 Net Income of $3.0 Bil ....................................................................................... Thus, the Near-Term US Deficit Will Grow By the Resultant Reduced Cash Dividends Fannie Mae Will Be Paying to the US Government