Sources said that Fox Business’ Maria Bartiromo is visiting the White House in an attempt to convince President Trump to give public a business to make public publicly to public.
Many Wall Street Banks are pitching President Donald Trump Regarding handling the initial public offering (IPO) of Fanny Mae and Freddy Mac, sources told Maria Bartiromo of Fox Business Network.
Bartiromo reports on Friday morning “Morning with Maria” This, “Wall Street Banks are currently coitusing for President Trump because they want Fanny and Freddy IPO business if it is happening.”
“My sources told me that there are many banks visiting the White House to try to get President Trump to give him a business to make Fanny Main again public because he sells his bets.”
“I can confirm that the Bank of America and it was led at the Oval Office last week. Citygroup and it was in the Oval Office last week. JP Morgan wants business, Goldman Sachs Business – they all want IPOs,” he said.
The American regulator directed Freddy Mac to consider Cryptocurrency as a property
Fanny Maai and Freddy are Mac Sarkar-Planned Enterprises that were taken to Conservatorship in 2008 amid financial crisis. (Al Drago / Bloomberg Getty Image / Getty Image)
Bartiromo reported that the deal is expected to be in the fall of 2025 or in winter and that the administration focuses on returning to its investment in Fanny and Freddy, rather than raising capital for institutions.
Bartiromo said that the initial sales of the government’s stake in Fanny Mae and Freddy Mac could be $ 30 billion or more. That amount will be broadly IPO size Saudi Aramco, who brought to income of more than $ 29 billion.
President Donald Trump is weighing plans to deal with Conservatorship of Farey Mai and Freddy Mac. (Kevin Dietsch / Getty Image / Getty Images)
He discussed the potential IPO during a Thursday episode of “Morning with Maria” during an interview with Treasury Secretary Scott Besant, who said “it would depend on the size of the stake and the overall evaluation of the companies.”
“We are checking all options in the context of moving forward. We have a lot of banks. The President is very connected with it. housing market Apparently it is very important in America, we have found a strength crisis, “Besent said.
“There are two pieces here, Maria: How can we maximize the value for the American taxpayer with Fanny and Freddy? On the other hand, how can we keep the spread between the mortgage rate – mortgage and treasury – to address the flat or even to address this terrible relativity crisis in the housing, which developed during the biden administration.”
Trump hostage veteran Fanny Mae and Freddy Mac Public consider
Treasury Secretary Scott Besant said that the Trump administration would keep the hostage cheap and see the return to the taxpayers to balance the return. (Reuters / Elizabeth Frontz / Reuters)
Fanny Mae and Freddy Mac are government-contacted enterprises that play an important role Hostage market By providing liquidity to lenders and guaranteeing several hostage in the US, which reduces the risk for lenders and investors.
Fanny and Freddy buy mortgage from lenders and either catch them within their portfolio or bundle the loans in hostage-supported securities (MBS) that can be sold to investors. The National Association of Realters stated that they support about 70% of the US mortgage market through this process.
Both institutions were built under Congress charters and in 2007-08 were operated as private companies until the housing market deteriorated. Financial crisis This threatened the solvency of Fanny Mae and Freddy Mac, which inspired a federal bailout of $ 191 billion.
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Fanny and Freddy were taken to Conservatorship by the Federal Housing Finance Agency in 2008, amid the financial crisis to reduce the loss, to stabilize the operating structures of the firms and eventually preach them to eliminate conservatism.
Two Government -sponsored enterprise Has returned to profit since then. The Congress’s research service said that Fanny and Freddy paid a dividend of more than $ 301 billion to the Treasury by July 2020.
