Monday, September 09, 2019 9:35:34 AM
By Julia LimitonePublished September 09, 2019FinancialsFOXBusiness
Steven Mnuchin on Fannie, Freddie: They've been in conservatorship for too long
Treasury Secretary Steven Mnuchin on the Trump administration's efforts to privatize Fannie Mae and Freddie Mac.
U.S. Treasury Secretary Steven Mnuchin joined FOX Business’ Maria Bartiromo in an exclusive interview on “Mornings with Maria” on Monday to discuss plans to end government control of mortgage finance giants Fannie Mae and Freddie Mac – which have been under conservatorship for the past 11 years.
“We think now is the time to recapitalize them, make them stronger, and make sure that taxpayers aren't at risk and eventually raise third party capital so that we restructure them and that in another housing downturn taxpayers are not at risk,” he said.
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