(Reuters) -Over-the-counter (OTC) shares in Fannie Mae and Freddie Mac rose sharply on Thursday after U.S. President Donald Trump said he was considering taking the U.S. mortgage finance firms public. The United States Treasury owns preferred shares in the firms and warrants to purchase about 80% of their common stock, a holdover from a rescue during the 2008 housing loan crisis. The spinoffs would be a win for conservatives who have long advocated for privatising government-affiliated firms, such as the U.S. Postal Service and passenger rail operator Amtrak.
Trump 'giving very serious consideration' to loosening US grip on Fannie and Freddie
President Trump said in a social media post that he is 'giving very serious consideration to bringing Fannie Mae and Freddie Mac public' — a move that would likely be a win for some Wall Street investors such as Bill Ackman.
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