In a political season of arguably historic proportion, developments in the Fannie Mae / Freddie Mac world of finance that are equally stunning. Legal precedents are also being set regarding the ability of government to appropriate private wealth made with the US housing market resting in the balance.
Filings reviewed by ValueWalk show that key leaders driving current policy -- US Treasury Secretary Jack Lew, US Senators Bob Corker (R-TN) and Mark Warner (R-VA) – had investments in Fannie Mae and Freddie Mac to various levels. The issue of their private ownership has now come to light with nearly $2 billion in quarterly revenue at stake
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