American Banker
April 2, 2014
This analysis shows that, despite big 2013 pay-backs to Treasury, Fannie and Freddie are barely scraping by from a sustained-earnings perspective. Moreover, they have no capital, meaning that any stress – even mild shocks – could force renewed taxpayer draws.
http://www.americanbanker.com/bankthink/why-gse-reform-is-still-a-priority-1066633-1.html