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Frannie investors liking makeup of Trump team

Published 11/11/2016, 12:02 PM
Frannie investors liking makeup of Trump team
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  • Fannie Mae (OTCQB:FNMA +7.9%) and Freddie Mac (OTCQB:FMCC +9.2%) are now both doubles since the election results on hopes the "profit sweep" may soon be history.
  • Picked to lead the domestic transition team, Ken Blackwell two years ago called the arrangement with Treasury "theft of private property."
  • John Paulson has reportedly been tapped as an advisor, and he's known to be a fan of releasing government sponsored enterprises from their shackles.
  • Former Goldmanite Steven Mnuchin was Trump's campaign finance chief and apparently on the short list for Treasury Secretary. While he's not been explicit about his views on Frannie, he does serve on the Sears board with Fairholme's Bruce Berkowitz and is seen as likely sympathetic to shareholder interests.
  • Bill Ackman: "I think Fannie and Freddie are going to get resolved within the first 12 months of this new administration, and I’m looking forward to having my second meeting with Donald Trump and negotiating a deal."

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