Fannie Mae-No Politics (FNMA)

[GAK-]

In their Capital Rule comment letters, FnF asked for a time horizon similar that given to the big banks to comply with Basel III capital requirements. Seems reasonable to me, since this is a much larger capital requirement than the other SIFI's had to raise. That would imply 5 years of retained earnings, along with some more reasonably sized stock offerings along the way.