Reported about 17 hours ago
President Donald Trump has reignited discussions about privatizing Fannie Mae and Freddie Mac, resulting in a significant surge in their stock prices — the highest in 16 years. Shares of Fannie increased by 51%, while Freddie rose by 42%. While investors are optimistic, the process may be complicated and require Congressional approval, posing challenges to Trump’s ambitions. The privatization would mark a shift from their government-controlled status since a 2008 bailout, and analysts express caution about the potential risks involved.
Source: YAHOO