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Re: navycmdr post# 372140

Tuesday, 12/20/2016 1:07:06 AM

Tuesday, December 20, 2016 1:07:06 AM

Post# of 796320

The day after Mr. Trump formally selected him, Mr. Mnuchin said that the government should get out of the business of running Fannie Mae and Freddie Mac, the two giant mortgage finance firms that the federal government bailed out in 2008. The shares of the two companies soared in response to his words — some of the sharpest one-day gains for the stocks since the government conservatorship began.

The seemingly off-the-cuff declaration was cheered by hedge fund managers and others who have bet big on the privatization of Fannie and Freddie. One of Mr. Paulson's bigger bets is that the federal government will return Fannie and Freddie to private investors largely unfettered.



http://www.cnbc.com/2016/12/19/trump-news-treasury-pick-mnuchin-moves-in-secretive-hedge-fund-circles.html