Fannie Mae-No Politics (FNMA)

[jeddiemack]

An interesting point to argue is the concept of temporary. Conservatorships by their nature and thru HERA are supposed to be temporary as opposed to "long - term". In the business world, prior to HERA, temporary use to be pretty much anything not long term. Whereas under most definitions, including the tax code, long term is a year or longer.

Thus, perhaps we have a new definition of temporary and long term. Which really weren't suppose to be the same thing.

Next time some one gets in a pickle with the treasury, just tell them you'll get back to them as the delay is only "temporary". Nine years temporary.