Fannie Mae-No Politics (FNMA)

[jeddiemack]

You are wrong.

The capital has to make sense.

Its not just going to appear and its not going to be punitive as suggested.

Sorry,

But just writing...

4) What incentive do FHFA and Treasury have to implement these ideas?

Is not relevant. Looking for a kickback? Or looking to do it right? The incentive to do it right is to have a capital structure that is supported, simple. These are smart people they just don't go for the easy out of let's raise $100B by using $1 coupons. They'll want smart people as investors. Smart people as investors don't chase golden gooses. They invest.

Again, you are not correct.

The recap will involve the company's and management. FHFA will guide them to allowing it; but ultimately, these are still SEC reporting entities and the CEO/CFO have responsibilities, they just can't punt those.

Sound and solvent... SOUND .... not just solvent. So, yes very consistent with SM and MC. Public entities released from go'vt control... SOUND. Sound entails proper management.


I can't explain it any clearer than that, but you aren't correct.