3. From U.S. Treasury Secretary Henry Paulson’s statement on “Treasury and Federal Housing Finance Agency Action to Protect Financial Markets and Taxpayers,” September 7, 2008.

4. The PSPA was set to terminate for each enterprise when one of the following occurs: (1) Treasury provided the full commitment of the greater of $200 billion or $200 billion plus cumulative net worth deficits experienced during 2010, 2011, and 2012; (2) the enterprise liquidates its assets; or, (3) the enterprise repaid, defeased, or made other provision for its mortgage guarantee obligations and debts.