Fannie Mae-No Politics (FNMA)

[Potty]

Yank, you are right to focus on the politics that the capital rule speaks to. The capital rule silences all the Republican critics saying FnF were unsafe and those include critics in the WH. We do not know what battles Mnuchin and Calabria had to fight to move RnR forward, but my guess is that the high capital was part of their strategy to win and move forward.

So, I agree, people need to calm down. That RnR is moving forward is a HUGE win and a HUGE change for all shareholders. Get FnF released under a binding set of contracts, including a settlement and consent decree, and we will be in another world...