Fannie Mae-No Politics (FNMA)

[kthomp19]

Show me one corporation, outside a communist country, that has deficits when they are among most profitable corporations in their country.

I'll give you two: Fannie Mae and Freddie Mac.

Once again, learn the basics of accounting before proceeding with this conversation.

I clearly understand them better than you do, because my assertion is based on Fannie and Freddie's actual accounting statements. Here, I'll even outline it in red for you:




Source: Fannie Mae 2021 Q1 10-Q form, pages 65-66.

You can look up Freddie's numbers yourself. It's the same thing: big profits, huge accumulated deficit.

It's pointless having a discussion with you.

I agree. You have direct facts staring you right in the face that prove you wrong, and you refuse to acknowledge them. There's nothing more I can do.

You believe the government has a right to swindle. I don't.

Wrong. None of my statements support your assumption of what I believe.

I have an accounting background. You obviously don't.

What kind of accounting background doesn't include reading the "accumulated deficit" line on a balance sheet and the "net income" line on an income statement?!



The facts here are that Fannie and Freddie both are highly profitable and have huge accumulated deficits on their balance sheets. That's reality.

What you're actually saying is that you think FnF shouldn't have these huge deficits. But what you think should or should not happen means nothing here. FHFA and Treasury will do what they're going to do regardless of what you or I think they should do.