Replies to post #641546 on Fannie Mae-No Politics (FNMA)

[RumplePigSkin]

Nice to see JTH and I are on the same page. I like JTH'g gut views, not ones necessarily influenced by ROLG.

[Golfbum22]

TH is reaching

This is about cap rule and years it will take to get there

[bradford86]

i don't really understand the perspective of this interpretation. why would he resign before the major announcement?

why would he care about settlement terms?

[camaro4me]

Sounds like there was a compromise on the settlement.

[Commons_Cancelled]

He likely wasn't happy with the outcome for Commons and didn't want to be CEO of a company that's about to screw all of their Common holders.

[Guido2]

Unless Brickman is a major holder of commons or preferreds, the settlement terms shouldn't bother him. Someone mentioned earlier that Fannie and Freddie have already been given a heads up on the capital rule finalized by Calabria. It's more logical that he would resign at this time because he considers the terms to be impractical. Yesterday, we had a report that 2 members of Fannie senior staff were quitting. Calabria probably disregarded the thoughtful well-written letters by Fannie and Freddie. Instead, he questioned their corporate culture.