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Fannie-Freddie Investors Cheer Trump On Hopes Of Policy Changes

TedTed
in Off-Topic
FYI: Shares of Fannie Mae and Freddie Mac surged at the open as investors in the mortgage-finance giants speculated that a Donald Trump presidency might reverse years of policy geared toward wiping out their investments.

Fannie Mae shares rose 13 percent to $1.87 at 10:33 a.m. Freddie Mac climbed 15 percent to $1.78. Shares of some classes of Fannie Mae and Freddie Mac preferred shares were up more than 8 percent. The spikes were in sharp contrast to the S&P 500, which was flat.
Regards,
Ted
http://www.bloomberg.com/news/articles/2016-11-09/fannie-freddie-investors-cheer-trump-on-hopes-of-policy-changes

Comments

  • PRESSmUPPRESSmUP
    edited November 2016
    As I have a bucketful of FNMA, I certainly hope the twins are set free, but I really fail to see how a Trump win equals a greater likelihood of this happening. The TBTF banks want what the twins have in the lucrative mortgage business....and both parties gladly do the bidding of the banks. I think the pending court decisions will drive a possible outcome more than a change in administrations.
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