US President Donald Trump has announced plans to take government-sponsored enterprises Fannie Mae and Freddie Mac publicly traded. The move aims to increase efficiency and reduce the risk associated with these two companies, which play a crucial role in the US mortgage market.
The plan involves listing both companies on a stock exchange, potentially leading to a €69 per month investment for individual shareholders. This change is part of Trump’s broader effort to reform the financial sector and make it more competitive.
It remains to be seen how this move will impact the companies and the wider economy.
Source: https://www.ft.com/content/b0966f29-1acc-4e2f-9d5a-419dabad91c7