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The Trump administration is pushing to take Fannie Mae and Freddie Mac public again, despite their history of conservatorship and ties to major financial collapses. While the GSEs posted massive profits even in a bad market, questions are being raised about who really benefits—especially with billionaire insiders like Peter Thiel and Elon Musk potentially positioned to gain. This move feels like a return to a “good old boys club,” and many fear it could undermine trust in the mortgage system.
