Freddie Mac (FMCC)

[navycmdr]

Bloomberg to push for financial transactions tax and Fannie-Freddie merger

Published: Feb 18, 2020 7:00 a.m. ET By STEVE GOLDSTEIN

A spokeswoman for Mike Bloomberg told the New York Times he will push for a financial transactions tax of 0.1% and a merger of housing finance giants Fannie Mae FNMA, -1.66% and Freddie Mac FMCC, -1.81%. The plan, which the Democratic presidential candidate is set to unveil, will also call for toughening the Volcker Rule and having the Justice Department create a dedicated team to fight corporate crime. Bloomberg's fortune has come through his eponymous Bloomberg LP service that caters to Wall Street clients.