BUSINESS NEWS | Wed Nov 30, 2016 | 12:12pm EST Fannie, Freddie need to get out of government ownership: Mnuchin Steven Mnuchin, U.S. President-elect Donald Trump's reported choice for U.S. Treasury Secretary, speaks to members of the news media upon his arrival at Trump Tower in New York, U.S. November 30, 2016. REUTERS/Mike Segar Steven Mnuchin, U.S. President-elect Donald Trump's reported choice for U.S. Treasury Secretary, speaks to members of the news media upon his arrival at Trump Tower in New York, U.S. November 30, 2016. REUTERS/Mike Segar U.S. mortgage finance companies Fannie Mae (FNMA.PK) and Freddie Mac (FMCC.PK) ought to be privatized as soon as possible but in a fashion that ensures they do not again threaten the financial system, President-elect Donald Trump's nominee to run the Treasury Department said on Wednesday.
Steven Mnuchin, in an interview on Fox Business Network, said restructuring Fannie and Freddie and wresting them from government control is a "top 10" priority for the next administration's economic team. |