Fannie Mae Preferred S (FNMAS)

[littledevils90210]

He is at a mindset where he thinks the treasury is getting a check, cash or gold bars...he does not understand how all this work...kinda like fund accounting....the gov. Balance sheet is an excel spreadsheet....thats it...its all debits and credits....nothing tangible or real changes hands. All these bailouts are all a deduction either debit or credit to an account...and increase either debit or credit to another account somewhere....


So yes....there is an offset but its not real...no cash was credit off or no debt was created....debits and credits...thats all...reduce dtas and debit xxxxx...then on gov side...debit cash and credit xxxx....community college accounting knowledge....go figure...devil