The Trump administration revealed yesterday plans to reform Fannie Mae (OTCQB:FNMA) and Freddie Mac (OTCQB:FMCC), which has sunk both FMCC and FNMA stock.
Investors have been eagerly awaiting the unveiling of Trump’s plans to release the two former lending giants from public ownership, which have been rumored to be coming for weeks. However, the plans have clearly failed to impress speculators as FMCC and FNMA shares are both down over 8% during Friday’s training. Fannie Mae and Freddie Mac have been under government conservatorship since being famously bailed out during the early days of the Global ...
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