Fannie Mae-No Politics (FNMA)

[FOFreddie]

Hi Kthomp19

What are your thoughts about minority shareholder rights for current GSE shareholders under Delaware (FNMA) and Virginia (FMCC). As exempt issuers and federally chartered entities how will the State laws apply?

Will there have to be a Special Committee apointed?

Will there be a proxy statement and shareholder vote to approve a restructuring? How can the UST vote without causing consolidation issues?

What about appraisal rights under Delaware and Virginia?