Fannie Mae-No Politics (FNMA)

[jacklanvo99]

Trump’s pick of Ben Carson is beyond baffling

...Mr. Carson’s nomination is the second puzzling sign about where housing policy might be headed under the Trump administration. The first was Treasury Secretary-designate Steven Mnuchin’s comment that “we’ve got to get Fannie [Mae] and Freddie [Mac] out of government ownership. It makes no sense that these are owned by the government and have been controlled by the government for as long as they have.” That could mean Mr. Mnuchin will argue for a total overhaul of the government’s mortgage guarantee business that finally ends the system of private gain, public risk that prevailed before the government took over the failing Fannie and Fred in 2008. Or, it could be interpreted as support for the efforts, so far thwarted by courts and Congress, of hedge funds to make a killing through a Treasury-blessed “privatization.” Certainly it would help if the next HUD secretary were an expert on the housing market capable of weighing in against the more dubious plans being floated for Fannie and Freddie....

https://www.washingtonpost.com/opinions/trumps-pick-of-ben-carson-is-beyond-baffling/2016/12/05/9089e604-b32d-11e6-840f-e3ebab6bcdd3_story.html?utm_term=.064f4d90dca7