Trump Administration Eyes Move to Privatize Fannie, Freddie, WSJ Says

[BumRushDaShow]

Source: Bloomberg

March 23, 2025 at 1:27 PM EDT


The Trump administration is considering an executive order on housing that may push for the privatization of home loan giants Fannie Mae and Freddie Mac, the Wall Street Journal reported, citing a person familiar with the matter.

Federal Housing Finance Agency Director Bill Pulte and Treasury Secretary Scott Bessent said privatization efforts would need to consider mortgage rate impacts, WSJ noted. The potential directive could task federal departments with exploring this initiative.

The White House said in a statement to the Journal that industry leaders “have responded to President Trump’s America First economic agenda of tariffs, deregulation, and the unleashing of American energy with trillions in investment commitments that will create thousands of new jobs.”

Speculation has grown about the fate of the so-called government-sponsored enterprises in recent days.

Read more: https://www.bloomberg.com/news/articles/2025-03-23/trump-admin-eyed-move-to-privatize-fannie-freddie-wsj-says

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I thought they already WERE pretty much "privatized" (and monitored by the government).

But wait... let me check and... why lookee here for example - https://www.fanniemae.com/about-us/who-we-are/history

Bringing Wall Street to Main Street

In the 1968 Housing and Urban Development Act, Fannie Mae became a private shareholder-owned corporation chartered by the U.S. Congress. After being removed from the federal budget, Fannie Mae funded its operations through stock and bond markets.

And Freddie Mac got crushed in the Shrub 2008 economic meltdown and had to go under U.S. receivership, and eventually both Fannie Mae and Freddie Mac came under government control and were delisted from the stock market in 2010 thanks to the GOP philosophy of corporate mishandling of money - Fannie Mae, Freddie Mac to delist shares on NYSE

[bucolic_frolic]

1. Yes let's not forget the debt implosion of 2008-9 involved many entities

Freddie, Fannie, Lehman, General Motors, to some extent Ford, Washington Mutual, and many others, and all the QE1-2-3, Operation Twist in subsequent years. All to clean up overextended lending. In some ways the Madoff scandal was a prelude. And today we have Bitcoin and Crypto financial parallel systems doing things most of us don't comprehend.

Did the financial collapse enable the current fascist decay? Many too big to fail were fine in the aftermath. Working people with mortgages not so much at all, and most are beholden to the financial power and cultural torment we presently experience.

[BumRushDaShow]

2. "All to clean up overextended lending"

And the credit default swaps and people buying "pieces of mortgages" and creating junk bonds.

The CFPB (that the GOP is trying to gut) was created by the Dodd-Frank law (that the GOP is trying to repeal) that resulted in the aftermath of that crash.

They want to take us back to the good ole financial ruin days.

[sakabatou]

3. What could possibly go wrong?

[slightlv]

4. I suggest once everything they want is privatized,

and we finally get these crooks away from and out of our government, we nationalize everything and steal it back from the oligarchs. The repubs are SOOOOO scared of "socialism" let's give them a taste of it while doing ourselves a favor and reclaiming our complete government. Do just what they've done and throw out everyone who's a republican or a conservative... whether or not they're good at their job, and regardless of what type of person they appear to be regarding bipartisanship. If this damned pendulum is going to swing, let's let it swing wildly. Completely and utterly tear down everything they've put into place, or attempted to tear down. And then declare their political party a terrorist organization and disband it completely -- including kicking out any repugs in the congress. We're too good for this, honestly. We won't even go anywhere near to getting out even the smallest number of traitors in our government. And that's why we're always trying to hang on to what we've got, while they easily grab it from our shaking hands.

I don't know what the answer is. I actually like my first idea, and feel it completely justified. The only thing better would be to deport all republicans to a country they'd like better... which more closely aligns with their view of government and life. Say, Somalia, Hungary, or maybe Moscow. Although the latter may be too based in too much modernity for them. I used to say divide the physical country up and let them have a part of it that they can rule as they wish. But even that won't work anymore... even in a daydream version. Too much has happened. We've got to hit that crisis point upon which all else falls. Until that happens, we're lost. When it does happen, I guess the guns come out, the brownshirts are turned loose, and all hell breaks loose. They want a Civil War, Part 2? I say we're back to a Revolutionary War, Part 2.