Fannie Mae-No Politics (FNMA)

[5bagger]

I don't think that word means what you think it means.

"Recapitalization" is something different than retaining capital.

Every company that doesn't issue a dividend is retaining their capital and adding to the underlying value... every quarter.

So, F&F may be retaining capital, but like so many companies "recapitalizing" is not happening.

A recap is somehow changing the cap. structure, usually with stock, pref. stock, bond purchases and buy-backs.