Fannie Mae-No Politics (FNMA)

[Wise Man]

No. There isn't Retained Earnings if they are wiped out when, at the same time, the SPS LP is increased for free in the same amount, because it carries an offset (reduction of Retained Earnings) currently concealed with Financial Statement fraud (these gifted SPS are absent from the balance sheet)

"there is ONLY retained earnings" as I've said

Of course, your buddy in this conspiracy to rip off the shareholders, Bradford, agrees with you in his reply:

— yes — they continue to retain earnings.

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