Fannie Mae-No Politics (FNMA)

[kthomp19]

There is no chance of any Dividends on P's / C's until after end of of C'ship and also some reasonable capital buildup.

Given that I think release will only happen after the full capital build, I agree. Dividends won't be reinstated until after those are done.

Another reason why Moelis fantasy plan will fail to raise private capital.

No, that first sentence does not support your argument at all. The Moelis plan involves a full recap and release shortly thereafter. As long as that is committed to by FHFA and Treasury, the private capital will flood in.

Also, any dividend uncertainty won't keep the new buyers away, it will just drive down the price per share that they are willing to pay.