Fannie Mae-No Politics (FNMA)

[jeddiemack]

Not really retaining earnings....

The JE that then posts a "due to gov't" means ,while they have the cash and the retained earnings... they also create a liability to the government for the amount of the earnings retained... thus...

no reteained earnings on the books.. just more contrived liability to the government.. its a made up thing called "liquidation preference".

its smoke and mirrors and some people aren't following what they are truly doing.

They are hood winking everyone.