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Home Market Research Economy

To sell Fannie and Freddie, Trump must answer a $7trn question

by TheAdviserMagazine
8 months ago
in Economy
Reading Time: 1 min read
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To sell Fannie and Freddie, Trump must answer a trn question
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“Nothing is so permanent”, noted Milton Friedman, “as a temporary government programme”. Friedman died in 2006, a couple of years before Fannie Mae and Freddie Mac, two enormous government-sponsored enterprises (GSEs) that provide liquidity to the American mortgage market, were bailed out during the global financial crisis. The firms were taken into “conservatorship”, a form of temporary government control. It has now been in place for almost 17 years.



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