Fannie Mae: Darn You Steven Mnuchin!

Shares of Fannie Mae (FNMA) and Freddie Mac (FMCC) soared following Donald Trump’s election victory on hopes that he would favor recapitalizing the two government-sponsored enterprises and sending them on their way. Those hopes took a hit today, after Steven Mnuchin, Trump’s pick for Treasury Secretary, said at his confirmation hearing today that he doesn’t […]