It will be about 20 percent. Down substantially from the level that the president inherited when he came to office. The government is shrinking, as a percentage of our economy, not growing.

It will be the second-best year in housing history, and we believe it will be a very strong year for Fannie Mae,

It's going to be a very targeted tax cut program that I think is going to make a meaningful difference for American families,

Although to my knowledge the company has always made good faith efforts to get its accounting right, the SEC has determined that mistakes were made. By my early retirement, I have held myself accountable.

This was an extraordinary year for Fannie Mae in every respect,

We believe our overall fiscal policy is providing an environment where businesses can prosper, but we believe tax cuts should be aimed at people.

We think we can make progress on upper-income premiums.

We are working on a wide variety of ways to bring to the mortgage finance system cost savings for consumers as well as lenders in the mortgage market,

We are in favor of having the most accurate measure of inflation possible, in order to index those various programs, and we are trying to measure what the real cost-of-living changes are,

Well, it's been great for new home purchasers, particularly first-time purchasers. I think this is a good time to be thinking about buying a home.