This is due to the DTA write-offs with the new tax law and the fact that neither GSE has a capital buffer due to having their profits swept into treasury. Pretty awesome stuff for the companies that were #1 and #3 on the most profitable per employee list.
Per Marketwatch: https://www.marketwatch.com/story/washington-is-budgeting-a-51-billion-taxpayer-bailout-for-fannie-and-freddie-2018-02-13
Submitted February 13, 2018 at 03:54PM by Lost_in_Adeles_Rolls http://ift.tt/2EC51Lw
