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Showing posts from May, 2017

Treasury Secretary Mnuchin Confirms Fannie Mae & Freddie Mac Profits Used To Fund ObamaCare

SummaryOn Mat 1st, Treasury Secretary Mnuchin confirmed GSE profits were used to fund parts of the government such as ObamaCareSecretary Mnuchin stated last week they are being "very careful in fixing Fannie and Freddie"Rep. Jeb Hensarling, someone who has advocated in the past to shut down Fannie and Freddie is now full on for privatizing the twoFannie and Freddie investors continue to seem extremely positive developments.

On Monday morning Mrs. Bartiromo on her Fox show "Mornings With Maria" had a discussion with Treasury Secretary Steven Mnuchin on a variety of topics. One of those topics was Fannie Mae (FNMA) and Freddie Mac (FMCC). The two companies have been under conservatorship since 2008 and in recent months there has been much speculation as to whether or not Fannie and Freddie profits while under conservatorship were being used to fund ObamaCare and other parts of the government. Today we finally have that answer out of the mouth of Treasury Secretary St…