![](https://investorshub.advfn.com/uicon/61596.png?cb=1666193909)
Friday, June 07, 2019 3:24:11 PM
![](http://investorshub.advfn.com/uimage/uploads/2009/12/9/qjtgccongrats.aspx.gif)
June 7, 2019 - Paul Muolo ... pmuolo@imfpubs.com
The Treasury Department, as part of its effort to recapitalize and release Fannie Mae and Freddie Mac from conservatorship, is in talks with a handful of investment banking firms on how to pull off what could be one of the largest stock sales of the decade — a roughly $150 billion offering, according to Wall Street insiders and industry lobbyists tracking the process.
One Wall Street trader, requesting anonymity, estimates the assignment — as yet undefined — could net an investment banking firm fees of at least $100 million.
For now, the Treasury Department isn’t commenting on the plan or which investment banking firm it plans to hire but the early speculation has focused on three firms: Goldman Sachs, Morgan Stanley and Perella Weinberg Partners.
Goldman has close ties to the Trump White House, with several former top executives serving in the administration, including Gary Cohn, who up until last year was director of the National Economic Council. Morgan is where senior Treasury counselor Craig Phillips (soon departing) once worked and Perella’s name has surfaced, in part, because it assisted Treasury in the bailout and restructuring of GMAC/Ally Financial.
One of the biggest mysteries surrounding the process is whether Treasury has issued a request-for-proposal regarding the assignment.
Mass Megawatts Announces $220,500 Debt Cancellation Agreement to Improve Financing and Sales of a New Product to be Announced on July 11 • MMMW • Jun 28, 2024 7:30 AM
VAYK Exited Caribbean Investments for $320,000 Profit • VAYK • Jun 27, 2024 9:00 AM
North Bay Resources Announces Successful Flotation Cell Test at Bishop Gold Mill, Inyo County, California • NBRI • Jun 27, 2024 9:00 AM
Branded Legacy, Inc. and Hemp Emu Announce Strategic Partnership to Enhance CBD Product Manufacturing • BLEG • Jun 27, 2024 8:30 AM
POET Wins "Best Optical AI Solution" in 2024 AI Breakthrough Awards Program • POET • Jun 26, 2024 10:09 AM
HealthLynked Promotes Bill Crupi to Chief Operating Officer • HLYK • Jun 26, 2024 8:00 AM