Fannie Mae-No Politics (FNMA)

[Johnje]

Did people watch watts testimony?

Watt said that he and Mnuchin had discussed creating a capital buffer for the gse's

He was then asked how much the capital buffer was that they discussed

Watt said he thought that was a better question for Mnuchin next week

I see this as only a positive thing and hope tomorrow that Mnuchin gives us the direction that he is proposing going forward for building capital buffer for the gse's.