Fannie Mae-No Politics (FNMA)

[Potty]

Bill, one question (maybe a couple...).

Do you think that this kind of capital rule was needed to get the FnF administrative process through the WH? I am not speculating this is Calabria's motivation, but Mnuchin is a wily operator -- do you think he has gone along with this capital rule to undercut opposition to RnR in the administration and/or congressional Republican caucases? Was this the pound of flsh Mnuchin had to give up?

I appreciate your insights on all of this inside the beltway stuff, best, potty