Trump Plans IPO for Fannie Mae and Freddie Mac

1 min read
Source: Axios
Trump Plans IPO for Fannie Mae and Freddie Mac
Photo: Axios
TL;DR Summary

President Trump suggested the possibility of combining Fannie Mae and Freddie Mac into a single entity called 'MAGA' for a potential stock listing, as the government plans to start selling its stakes in these mortgage giants, which could generate significant revenue. The idea includes the possibility of a combined sale and a new ticker symbol, but details on the structure and government backing remain unclear.

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