Saw the signs of a global financial crisis!



Trump is pushing Fannie Mae and Freddie Mac to conduct an initial public offering (IPO) by 2025.

Plans to raise $30 billion, with a valuation target of $500 billion, which may become the largest IPO in history.

The subprime mortgage crisis in 2008 was caused by Fannie Mae and Freddie Mac purchasing a large amount of high-risk subprime mortgage-backed securities (Subprime MBS), which led to a sharp decline in housing prices, borrower defaults, and a drastic drop in the value of MBS, resulting in massive losses for the two real estate giants.

In September 2008, the U.S. Treasury and the Federal Housing Finance Agency (FHFA) announced that two companies would be placed under conservatorship, with a government injection of $187 billion to keep them afloat.

If I remember correctly, the movie "The Big Short" is about this true story?
TRUMP2.58%
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