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Trump's Treasury Pick Steven Mnuchin Is Best Hope Yet For Fannie And Freddie Hedge Fund Billionaires
Fannie and Freddie repaid bailout funds in 2013 and 2014 and have been making billions of dollars in quarterly profits. Hedge funds including Pershing Square and Paulson & Co bought large stakes in both firms, expecting they would eventually be privatized. Mnuchin said on Wednesday getting Fannie and Freddie out of government control is among the top ten things he will get done as Treasury Secretary. No stocks have moved more than Fannie and Freddie on Trump's pick of Mnuchin.
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