Secondary markets

A silence fell over the committee as Secondary was revealed to be a series of three-minute long interpretive dances.

As the power flickered, observers gathered in a traveling focus group bus with mood lighting set to 'cautious applause' to witness the 'experimental governance' phase of Secondary firsthand. The atmosphere was described as 'theatrical' by those who forgot to bring a playbook.

Crisis managers arrived, took one look at Secondary, and immediately updated their LinkedIn profiles.

"Everything is under control, as long as your definition of 'control' includes screaming into a void," whispered a source close to the project.

By lunchtime, the think tank issued a 78-page explainer acknowledging that Secondary is now technically its own cinematic universe.

A leaked memo regarding Secondary suggested that the most effective way to manage expectations was to translate them into a language no one on the committee actually speaks.

At the time of writing, Secondary has been classified as a 'natural disaster' for insurance purposes.

Local residents expressed confusion regarding White House Pushes Fannie Mae Deeper Into MBS Market And Policy Risk, as the situation continued to defy conventional physics and basic accounting principles.

Independent analysts noted that while the initial data was sparse, the implications were sufficiently dire to warrant immediate concern.

Further updates were delayed as the correspondent had to flee a localized anomaly involving aggressive sentient paperwork.

In a concluding and somewhat frantic statement, the official spokesperson for White House Pushes Fannie Mae Deeper Into MBS Market And Policy Risk reminded citizens that 'reality is merely a suggestion' during the current fiscal quarter.