Reported about 15 hours ago
Speculation is growing around the fate of Fannie Mae and Freddie Mac following Treasury Secretary Scott Bessent's remarks about possibly incorporating the government's stakes in these home loan giants into a proposed US sovereign wealth fund. Influential figures like hedge fund manager Bill Ackman and Stifel Financial's CEO Ronald Kruszewski support the idea, suggesting it could enhance financial stability and lead to a $1 trillion fund by 2040. This discussion follows Bessent's comments on the 'All In' podcast, igniting conversations about their potential role in the proposed fund.
Source: YAHOO