Fannie Mae-No Politics (FNMA)

[Mikey Mike]

No one is against a reform...that's fine...reform all they want, but give shareholders their share of the pie while they're reforming...20.01% is what's fair during the reform process...changing the legislation doesn't mean take 100% profit while doing so...I think that's what everyone is so angry about it...at the same token in an economic downturn we'll take 20.01% of the responsibilty during the transition that way we have a shared responsibility/profit that will steer away from a full taxpayer backstop...there's plenty of private investors that's willing to take that risk so long as we understand that the government is not trying to replace the two institutions, but more so to change the way how they were doing business in the past...just a sense of going on the path to recovery with modification is all that we need as a sense of assurance...nothing more nothing less...that itself would have eliminated all these lawsuits to begin with...yet greed played a large role when Treasury and FHFA made these unlawful changes that stired up the pot with frustration and anger...