julia morgan building and modern wooden structures as well. in 2003 when the property at buena vista was remodeled, it turned it into a beautiful single-family home done with an abundance of taste of the lines of the property you see today and extends out as an example in the neighborhood. we therefore fully are in support of expanding this building vertically as we find the proposed addition to be the perfect accent to this existing structure. in fact, as i mentioned earlier, this addition is in keeping with the tasteful and mixed actech -- architectural [speaker not understood] of the neighborhood. it adds enormously to the structural diversity in the neighborhood. we ask that the board of supervisors support this project and deny appeal to the categorical exemption status forcing a c-e-q-a review of a modest and beautiful addition could be a great disservice and this appeal is clearly designed to try to kill this project to escalate cost and delays to the homeowners and we very much against moving forward. thank you very much. >> thanks. ne

julia. >>> credit suisse downgrading morgan stanley to neutral. here the reason -- valuation. the stock is up nearly 30% over the past six months. a five-cent gain of about a quarter of a percent. sue? >>> ty, fannie mae earned the biggest annual profit in the mortgage company's history, helped by a record fourth quarter, of course. the 2012 gain driven by the housing recovery. eamon javers has what it means for the government-controlled company. the. >> it's a pretty astonishing turnaround in washington, of course, we all remember it being the epicenter of the 2008 financial crisis. let me walk you through the details. the ceo of the company said the 2012 results were terrific, and said they represent a turning point for the company. came in the fourth quarter, fannie mae says it's paid taxpayers billions in dividends since 2008. the company now respects to remain profitable. that raises a big question, which is what happens to fannie mae and the sister company. they were put into conservatorship, now will the movement toward housing reform and replacing fannie and freddie, w