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Re: Mikey Mike post# 320074

Thursday, 11/05/2015 7:35:28 PM

Thursday, November 05, 2015 7:35:28 PM

Post# of 797210
Bologna, A/K/A baloney. Lew NEVER said that. What he said was that the sweep was for the backstop.

A DEBT is a repayment for previously incurred expenses. A backstop is part of an ongoing commitment that is part of the fabric of a continuing business obligation. Like guaranteeing further, future 30-year MBS.

Glad I could clear that up.