🚨BREAKING: President Trump is "giving very serious consideration" to privatizing America's two BIGGEST mortgage giants, Fannie Mae & Freddie Mac
Would IPO both and sell off all government owned stock.
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Would IPO both and sell off all government owned stock.
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2/ Why this matters: These companies control TRILLIONS in mortgages and are the backbone of American homeownership. They've been under govt control since 2008 crisis.
A sale could cut the deficit and return money to taxpayers.
A sale could cut the deficit and return money to taxpayers.
3/ Trump will meet with his financial dream team:
• Treasury Sec Scott Bessent
• Commerce Sec Howard Lutnick
• FHFA Director William Pulte
DIRECT QUOTE: "Fannie Mae and Freddie Mac are doing very well, throwing off a lot of CASH, and the time would seem to be right."
• Treasury Sec Scott Bessent
• Commerce Sec Howard Lutnick
• FHFA Director William Pulte
DIRECT QUOTE: "Fannie Mae and Freddie Mac are doing very well, throwing off a lot of CASH, and the time would seem to be right."
4/ The government's shares could be worth HUNDREDS OF BILLIONS! And why is the government in the mortgage business? That's not good for ANYBODY except the Socialist elites.
5/ Trump tried this during his first term but was BLOCKED by the DC swamp! They'd own your house if they could, and through Fannie and Freddy, they kinda do.
6/ The TRUTH about these companies:
• Created by Congress
• Were private before 2008
• Now under govt control
• Handle TRILLIONS in mortgages
Government should NOT be in this business. And it needs the cash from this sale.
Everyone will win.
• Created by Congress
• Were private before 2008
• Now under govt control
• Handle TRILLIONS in mortgages
Government should NOT be in this business. And it needs the cash from this sale.
Everyone will win.
• • •
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