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Mnuchin wants U.S. to sell Fannie Mae, Freddie Mac stakes

Steve Mnuchin in 90 seconds

Mortgage giants Fannie Mae and Freddie Mac were placed under federal government control in September 2008, during the global financial crisis. But Donald Trump’s Treasury secretary pick, Steven Mnuchin, wants them set free.

He told Fox Business News on Wednesday that “we’ve got to get them out of government control” and added that the incoming Trump administration should be able to restructure Fannie and Freddie “reasonably fast.”

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