Trump Administration Unveils Plan To Release Fannie & Freddie

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Trump Administration Unveils Plan To Release Fannie & Freddie
By User:AgnosticPreachersKid (Own work) [CC BY-SA 3.0], via Wikimedia Commons

Whitney Tilson’s email to investors discussing Trump administration unveils plan to revamp the housing market; Doug Kass’ case for Amazon.

1) Eleven years ago today, with mortgage giants Fannie Mae (FNMA) and Freddie Mac (FMCC) teetering on the edge of bankruptcy amidst the collapse of the housing market, the federal government put them into conservatorship. The government-sponsored entities (“GSEs”) that underpin the debt of the U.S. housing market have remained wards of the state ever since.

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