Sunday, February 18, 2018

Freddie Mac 4Q 2017 Earnings Socked By a $5.4 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 Freddie Mac Reporting a Net Loss of $2.9 Bil in the 4Q 2017, an Earnings Deterioration of $7.6 Bil From Its 3Q 2017 Net Income of $4.7 Bil ....................................................................................... Thus, the Near-Term US Deficit Will Grow By the Resultant Reduced Cash Dividends Freddie Mac Will Be Paying to the US Government