Tuesday, February 18, 2020 3:34:20 PM
Bloomberg to push for financial transactions tax and Fannie-Freddie mergerMARKETWATCH - 2:04 PM ET
A spokeswoman for Mike Bloomberg told the New York Times (https://www.nytimes.com/2020/02/18/business/dealbook/ bloomberg-regulation-wall-street.html)he will push for a financial transactions tax of 0.1% and a merger of housing finance giants Fannie Mae (FNMA) and Freddie Mac (FMCC) . 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.
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