Fannie Mae is a different company than a year ago. We have been humbled, even embarrassed. Despite the changes and progress we have begun to make, we also recognize that we have much, much more to do.

There's huge demand out there.

If we're such a great employer, why aren't we facing the reality of the hard questions and the poor ratings that come in some of the employee surveys? We make a sport, it seems, of paying consultants a lot of money, bringing them in, baiting them, laughing at them and then kicking them out.

Companies are going to deliver good numbers. Aside from the usual company-specific disappointments, we are going to get further confirmation that things are moving in the right direction.

Enron was no house of cards. It was a wonderful company.

We have a very small stake in the company, which is a strategic investment that was made a while back but, as far as I know, there aren't any plans beyond that.