CHART OF THE DAY: For The First Time Since The Crisis, Fannie Mae Doesn't Need Fresh Cash From Taxpayers

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		Tech Entertainment Wall Street Markets Strategy Sports Lifestyle Politics International Video Latest Wednesday, May 9, 2012 CHART OF THE DAY: For The First Time Since The Crisis, Fannie Mae Doesn't Need Fresh Cash From Taxpayers This is good news. For the first time since the crisis, Fannie Mae doesn't need a cash injection from the Treasury. The infamous quasi-government mortgage backer reported a $2.7 billion profit for Q1. Fannie Mae’s net worth of $268 million as of March 31, 2012 reflects the company’s total comprehensive income of $3.1 billion, partially offset by its payment to Treasury of $2.8 billion in senior preferred stock dividends. As a result of the company’s positive net worth as of March 31, 2012, the company will not request a draw from Treasury for the quarter under the senior preferred stock purchase agreement. The total liquidation preference of Treasury’s senior preferred stock remains at $117.1 billion, which requires an annualized dividend payment of $11.7 billion. The table below shows the amount of Fannie Mae’s requested draws from Treasury and dividend payments to Treasury since entering into conservatorship on September 6, 2008. The beige bars in the chart below shows much money the company has taken from Treasury each quarter. As you can see, this quarter there was none.  Read » Also On Money Game Today: One Of The Best Predictors Of The Stock Market Is In Freefall DOW FALLS FOR 6TH STRAIGHT DAY: Here's What You Need To Know BRIAN BELSKI: 'QE Is Like Giving Crack To A Cocaine Addict' Willem Buiter: Central Banks Need To Drop Money From Helicopters, And Perhaps ABOLISH CURRENCY COMPLETELY Advertisement CHART OF THE DAY: Consumer Strength Isn't All It's Cracked Up To Be CHART OF THE DAY: The Last Time Wall Street Strategists Felt This Way, Stocks Surged Like Crazy CHART OF THE DAY: Labor Force Participation Falls To Lowest Level In Over Three Decades Share this: Facebook Twitter Digg Reddit StumbleUpon LinkedIn The email address for your subscription is: dwyld.kwu.jobhuntportal11@blogger.com Change Your Email Address | Unsubscribe | Subscribe | Subscribe to the Money Game RSS Feed Business Insider. 257 Park Avenue South, New York, NY 10010 Terms of Service | Privacy Policy

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