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Re: Donotunderstand post# 241876

Tuesday, 09/02/2014 12:41:28 PM

Tuesday, September 02, 2014 12:41:28 PM

Post# of 800629
ACTION MEMORANDUM FOR SECRETARY GEITHNER

Reasons to Set the PCF

• Makes clear the Administration's commitment to ensure existing common equity holders will not
have access to any positive earnings from the GSEs in the future

http://blogs.reuters.com/alison-frankel/files/2014/03/fairholmevus-goldsteinmemo.pdf

$$ FNMA $$