Saturday, August 31, 2019 11:26:07 AM
What are you talking about?
Once again I must remind you... a reserve is NOT capital when it is created by FEES, not retained earnings or via a capital stock issue.
Fannie's main source of income is fees - guarantee fees. Aren't they capital?
I need a booze now. First the judges tell me that credit is capital. And now you say that profits are not capital.
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