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jeddiemack

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jeddiemack

Re: JosephS post# 620998

Wednesday, 07/15/2020 10:12:58 PM

Wednesday, July 15, 2020 10:12:58 PM

Post# of 796627
The GSE's have been cash flow positive from operations for nearly 20 i believe or longer... but throughout the "default swap crisis" beginning in 08... or 12 years... yep.

It was the cookie jar accounting fraud that resulted in reported losses on an "accrual" basis. On a cash basis... they've been just fine.

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