Fannie Mae-No Politics (FNMA)

[SREZ]

James Lockhart states that it is time for the GSEs to exit Conservatorship. Would like to know your thoughts on Lockhart's comment that the GSEs should create "new" subsidiaries capitalized by the parent GSEs and then go public though these subsidiaries "to get them out of Government control." Can this be done? Can it EASILY be done? Is this a specific bulls-eye to screw legacy JPS & Commons by keeping these securities at the 'parent level'? Guess Congress can 'do anything' if they want, but is this a non-starter/possible/highly probable? TIA