Fannie Mae-No Politics (FNMA)

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Mick Mulvaney and the OMB

Trump has recently announced the selection of Rep. Mick Mulvaney, a Republican from South Carolina, as the nominee for the head of the OMB. Mulvaney made headlines earlier in 2016 for his efforts to introduce legislation blocking payments by Fannie Mae and Freddie Mac in support of low income housing projects until both of the housing lenders are recapitalized. It so happens that this policy of recapitalization is one of the prominent arguments that John Paulson has made.



Read more: How Trump's Appointees Could Make Him Even Richer | Investopedia http://www.investopedia.com/news/how-trumps-appointees-could-make-him-even-richer/#ixzz4arAKGJnU ;
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