Fannie Mae-No Politics (FNMA)

[Robert from yahoo bd]

I think that is the most likely scenario, I mean the difference between the 2018 and 2020 Capital Rule are "yuge" for the two enterprises being regulated, and I don't think a 3 to 5 year adjustment period is an outrageous request.

I guess the question is how long MC feels comfortable with actual capital held BELOW the required minimums, I always thought the idea of holding $3B capital on $4T of assets was reckless, but it didn't seem to bother Watt too much or Senator Mark Warner and a host of others.

I'm sure it bothers MC, BUT to go from 2 separate and extreme positions (i.e., basically 0 capital to 4%) is going to take some time, not to mention a healthy economy.