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Benzinga
Benzinga
Business
Vishaal Sanjay

Peter Schiff Calls Trump's Freddie And Fannie IPO Plan A 'Bad Idea': Sole Purpose Is To 'Reward' President's Friends

Peter Schiff Fannie Freddie Donald Trump Bill Ackman IPO Fannie Mae Freddie Mac GSEs United States
Mortgage Rates Fall Ahead Of Decision

Economist Peter Schiff is pushing back against President Donald Trump’s plans for an initial public offering for Fannie Mae or the Federal National Mortgage Association (OTC:FNMA) and the Federal Home Loan Mortgage Corp. (OTC:FMCC), also known as Freddie Mac.

Freddie And Fannie’s IPO A ‘Bad Idea’

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