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Fannie Mae Accounting Malarkey Used To Cut Uncle Sam's Deficit?

Sounds too good to be true right? A now profitable Fannie Mae digs some deferred tax assets out of the basement and voila!!....$60B payment to Uncle Sam right in the middle of this summer's debt ceiling fight.... I'm sure Ken Lay is rolling in his grave....

Well... it is... check out my analysis over at the US Daily Deficit