My first impression about Bessent's privatization of F&F is not great. I feel he is a snake like Mnuchin. He just wants a prestige job, not a fighter for GSE.
I think Elon Musk is right about Bessents's nomination for Treasury Secretary. He said Bessent is not a changemaker or a fighter, but follows the businesses as usual.
Trump clearly sees who Bessent is for USD, currency reserves, and debts, but not for GSE. That's why he nominated Bill Pulte, not a conventional guy, young fighter to lead the privatization of FNMA FMCC.