Case 1:05-cv-01483-JDB Document 33-18 Filed 06/21/2007 Page1of5

EXHIBIT P


Case 1:05-cv-01483-JOB Document 33-16 Filed 06/21/2007 Page 2of5

00001
] IN THE UNITED STATES DISTRICT COURT

2 SOUTHERN DISTRICT OF MISSISSIPPI
3 SOUTHERN DIVISION

5 CAM FINANCIAL SERVICES, INC., :

6 Plaintiff, : Case No.1:01cv314BrR
7 Vv.

8 GENERAL STAR NATIONAL INSURANCE :
9 COMPANY; GENERAL STAR INDEMNITY :
10 COMPANY; GENERAL STAR MANAGEMENT:
11 COMPANY, GENERAL RE CORPORATION:;:
12 GENERAL REINSURANCE CORPORATION:;:
13 CRUMP INSURANCE SERVICES OF

14 MEMPHIS, INC.; CRAIG OTT,

15 INDIVIDUALLY AND IN HIS

16 REPRESENTATIVE CAPACITY AS VICE :

17 PRESIDENT OF GENERAL STAR

18 MANAGEMENT COMPANY

19 FEDERAL NATIONAL MORTGAGE

20 ASSOCIATION

21 (FANNIE MAB),

22 Defendants. > VOL.IV
23 ------ ee ee eee ee X CONFIDENTIAL
24 Washington, D.C.
25 Tuesday, May 6, 2003
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Case 1:05-cv-01463-JD8 Document33-16 Filed 06/21/2007 Page ofS

00002
1 Videotaped Deposition of MARIALICE

2 WILLIAMS, a witness herein, called for examination by
3 counsel for Defendant, Fannie Mae, in the

4 above-entitled matter, the witness being previously

3 duly sworn, taken at the offices of Steptoe &

6 Johnson, 1330 Connecticut Avenue, N.W., Washington,
7 D.C., at 9:37 a.m., Tuesday, May 6, 2003, and the

8 proceedings being taken down by Stenotype by PENNY M.
9 DEAN, RPR, and transcribed under her direction.

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00128
1 A. Yes, it does.

2  Q. Was this E-mail send on or about August

3 6th, 20017 |

4 <A. It appears that way.

5  Q. Would you read the first paragraph,

6 please?

7 <A. “We are looking forward to meeting with

8 you on the 21st of August. However, we want to make
9 certain that Kate is on target with her presentation.
10 Could you please let us know if you are looking at
11 the captive as a potential credit enhancement tool
12 for Fannie Mae or as a tool that the DUS lenders

13 could use.”

14 QQ. And then the third paragraph beginning

15 finally, there is just one sentence, can you read

16 that for the record?

17 A. "Finally, could we spend a little time

18 discussing the other two questions from the insurance
19 companies that we posed to you at the end of May."
20 Q. And then lastly, just read the next

21 sentence, please?

22. A. "My partner, Harvey Hartsfield, will be

23 working with Kate on her presentation, so please cc
24 him on your response."

25  Q. Did you in fact have that meeting on the

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00129
1 21st of August?

2 A. Yes, we did.

3 Q. And who was there?

4 A. Kate Westover.

3 Q. And what was her position?

6 A. Kate Westover is an international

7 authority on captive insurance.

8  Q. Where did the meeting occur?

9 A. At Fannie Mae.

10 QQ. Who was there for Fannie Mae?

11. A. Grace Huebscher, an attorney whom | did
12 not know and I believe Rhoda Newman, but I'm not

13 certain, and Harvey Hartsfield.

14 (Williams Exhibit No. 42 was
15 marked for identification.)
16 BY MR. WIMBERLY:

17 Q. I'm going to hand your counsel a document
18 marked Exhibit 42. And when youre satisfied it is

19 not objectionable, Ms. Williams, if you would hand it
20 to your client, I would appreciate it.

21 MS. WILLIAMS: It starts -- the document

22 starts with page 2, 3, 4.

23 MR. WIMBERLY: The document bears Bates
24 numbers 10524, 525, 526, 527, and it's from CAM's

25 business records. And this is the way it was

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