Fannie Mae-No Politics (FNMA)

[Red Captain]

This makes sense actually.

IF the NWS is ended or suspended, its likely that the justification will be recapitalization or preventing future taxpayer exposure.

Hence unlikely that dividends would be restarted until the capital reserve requirement is met. Moreover, I wouldn't be surprised if after that the deal was that they would buy up preferred shares at par, to be replaced with newer ones at a lesser interest rate (instead of 8-9%, maybe 3-5%)

Still, ending or suspending the NWS is bullish because it means they no longer intend to slowly destroy the companies (a policy which again, makes no short or long term sense with the treasury as implicit shareholder of 79.9% of the stock)