Mnuchin, Top Administration Officials to Testify on Fannie and Freddie Overhaul Effort

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Fannie and Freddie watchers hope Mnuchin’s testimony at 10 a.m. will yield additional details about the government’s plans to overhaul the mortgage-finance giants

Treasury Secretary Steven Mnuchin is scheduled to testify before the Senate Banking Committee on Tuesday, starting at 10 a.m. EDT, about his department’s efforts to overhaul mortgage-finance giants Fannie Mae and Freddie Mac.

His testimony comes five days after the administration released a report calling for the privatization of the companies, 11 years after the government took them over through a process called conservatorship.

 

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Start the Privatization so less govt regulation and his friends stocks go up

You don't think mnuchin is going to let down his hedge fund friends, do you ?

You mean 'additional deals' to line the pockets of the Trump Organization. Maybe a special sales tax devoted to Trump Resorts.

I guess it’s true; hope springs eternal. As if anything helpful, useful or beneficial is ever going to come from any of these buffoons.

OMG. More pure hell.

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