Fannie Mae-No Politics (FNMA)

[Potty]

Hi Kthomp, I ran out of messages yesterday, so sorry I did not respond earlier...

Reading some of your posts, you think we are going to have a JPS conversion close to one big capital raise, presumably for each company. And that this happens AFTER the election...

But with JPM and MS starting now, and then ramping up after capital rule is revised and finalized in August, do you really think they have enough time to do the raises between Nov 5 and Jan 15?

Calabria is going to be terminated, and a deputy installed, on Jan 15 and unless everything is encased in contracts, then things will be reversed... In the SPG abandonment of the TCO takeover, I also heard the suggestion that contracts are now treated as guides in American law that can be challenged in courts -- so how rock solid would the situation be?

Just curious if you think the offering for both companies happens in the Fall and whether you think they have time to do it?

Thanks for sharing your take on what is coming, I find your reasoning pretty plausible but I am concerned about the short window for an offering