Fannie Mae-No Politics (FNMA)

[Donotunderstand]

Positive GOV Plan

Check

Is that why the day of the plan we got clobbered in PPS --- because it was SO SO positive

That said - as I viewed it - the report was good for us in a large over arching sense --- while weak in simple things like killing the NWS and NOT including receivership in options

Report made it clear there was movement by administration to have a private F and F out of conservatorship - as such it was super positive

Report did not make clear if we would be around at all - not fun

Report suggested a serious lack of urgency and desire by Administration to hold on to most of the Sweep

To say check is to ignore the beating the PPS took and as such I am not sure how one says it