Fannie Mae-No Politics (FNMA)

[Robert from yahoo bd]

EXACTLY! REMEMBER THE BASIC ALWAYS TRUE FORMULA WHENEVER YOU LOOK AT A CORPORATIONS BALANCE SHEET, ASSETS = LIABILITIES + STOCKHOLDERS EQUITY!

The $100B in cash equivalents (i.e., an ASSET) MUST BE SETOFF WITH A COMBINATION OF LIABILITIES AND OR STOCKHOLDERS EQUITY PERIOD!

Ask Guido, he knows!

As an asset that yields less than 1 or 2 basis points, CASH EQUIVALENTS AIN'T PULLING THEIR WEIGHT WHEN IT COMES TO INCREASING EARNINGS!

As a matter of fact, with inflation running currently above 2% it's a loss in purchasing power!