Fannie Mae-No Politics (FNMA)

[Mikey Mike]

Solvency refers to an enterprise's capacity to meet its LONG-TERM financial commitments. Liquidity refers to an enterprise's ability to pay SHORT-TERM obligations; the term also refers to its capability to sell assets quickly to raise cash. The GSE's were not insolvent...again they had a liquidity issue...the huge amounts of dividend payments along with DTA's and the latest asset sell-off justifies it even further...I'll burn a cd for you now...where do you want me to send it to? THE GSE'S DID NOT AND STILL DOES NOT HAVE A SOLVENCY ISSUE, they HAD a LIQUIDITY ISSUE! NOT ANYMORE! GET IT THROUGH THAT THICK SKULL OF YOURS!