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White House Pushes to Take Fannie and Freddie Public
President Trump has reiterated his intention to list Fannie Mae and Freddie Mac on a major stock exchange, potentially ending the conservatorship in effect since the 2008 global financial crisis. However, Trump said the GSEs would retain federal guarantees as a backstop.
“I am working on TAKING THESE AMAZING COMPANIES PUBLIC, but I want to be clear, the U.S. Government will keep its implicit GUARANTEES, and I will stay strong in my position on overseeing them as president,” Trump posted to his Truth Social network earlier this week.
Published reports say the administration’s plan isn’t yet clear. Bill Pulte, chairman of the Federal Housing Finance Agency, told CNBC on Wednesday, “He very explicitly says that he wants to take them public. He did not say that he wants to privatize them. The president has not said anything that he wants to end conservatorship. We’re studying actually potentially keeping it in conservatorship and taking it public.”
- ◦Financing
- ◦Policy/Gov't
