Fannie Mae-No Politics (FNMA)

[HoldenWalker99]

Unfortunately, this is an instance where she was incorrect. Conversion does not add to core capital, although I wish that it would.

(I asked ACG last night and they confirmed, for what it's worth. Not posting the conversation, however.)

3) She brought up the possibility of a conversion to commons in the summer as one of several different means of getting to the minimum capital level requirements for release, which she sees as about $40 billion