Fannie Mae-No Politics (FNMA)

[contrarian bull]

I really think they are working on something behind the scene for a release and Mel Watt knows this

I doubt it - but you never know. Easiest way to release would be to have Treasury sell their Senior Preferred shares - which they can finally do after January 1, 2018.

The recap part gets complicated, because the unpaid dividends go onto the liquidation value of the Senior Preferred. I think the only way that recap could begin is for Treasury to sell ALL of the senior preferred. But that terminates the agreement for any future draws - leaving them uncapitalized and with no backing... at least for a quarter or two.