Fannie Mae-No Politics (FNMA)

[TRCPA]

You have simply restated that Calabria has final approval over the GSE capital plans in your conclusion.....with an interpretative twist added right at the end.

Still doesnt answer the follow up question that CATO should have asked regarding when the GSE's would start to submit their plans for recapitalization.

I suspect Calabria......who is smart when it comes to choosing his words toward his target audience.....figured that CATO would just be happy with his choice of words that the capital raise would be in the GSE's hands.....and would not think to follow up with WHEN.

If Calabria has a strength, it is in knowing how to talk to target audiences. Probably one of biggest reasons why he was appointed as head of FHFA. Also being a former member of Pence's staff, I can see the symmetry between those 2 men. Pence is also expert is this area.