Sunday, January 17, 2021

President Trump's Move to privatize Fannie Mae and Freddie Mac falters

Bravo President Trump! Another one of his achievements, even though he did not ultimately succeed in his first term! Both federal banks have a long history of failure and disaster! The federal government has no business to be involved like that in the financial/mortgage markets!

"The Treasury Department has decided not to restructure the taxpayers’ stake in the two mortgage giants, effectively ending the Trump administration’s push to ensure that they are eventually returned to private hands. ...
Instead, Mr. Biden would focus on ways to use the companies to boost housing affordability and promote homeownership, the advisers said. ..."

Fannie, Freddie Taxpayer Stake Won’t Be Restructured Under Trump - WSJ

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