According to reports, the US Treasury is finalizing reform plans for Freddie Mac (OTCQB:FMCC) and Fannie Mae (OTCQB:FNMA), boosting FMCC stock.
Public BailoutReports emerged on Wednesday afternoon that the US Treasury Department is close to finalizing plans to reform both Freddie Mac and Fannie Mae, which it hopes will be announced in September. The plans will see the two mortgage finance firms return to private-shareholder ownership, having famously been publicly bailed out over a decade ago, in a move that heralded the beginning of the Global Financial Crisis. FMCC stock is currently valued at $2.68, ...
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