Replies to post #320074 on Fannie Mae-No Politics (FNMA)

[big-yank]

Bologna, A/K/A baloney. Lew NEVER said that. What he said was that the sweep was for the backstop.

A DEBT is a repayment for previously incurred expenses. A backstop is part of an ongoing commitment that is part of the fabric of a continuing business obligation. Like guaranteeing further, future 30-year MBS.

Glad I could clear that up.