Replies to post #411850 on Fannie Mae-No Politics (FNMA)

[Donotunderstand]

I thought the NWS dealt with income > expense on a quarterly basis

In essence the NWS looked to profit or loss each quarter

I did not think the NWS was dealing with the balance sheet which is the asset and liability component and is static other than loss and gain ............

Its clear we are talking past each other - but trust me it is not on purpose

A > L is net worth ---

I took net worth here to be the GAIN or LOSS in net worth from "that day going forward" and avoiding the balance sheet history