the staff of the Ridgewood blog
Ridgewood NJ, Wall Street is buzzing after U.S. Treasury Secretary Scott Bessent hinted that the government’s stakes in mortgage giants Fannie Mae and Freddie Mac could eventually be rolled into a new U.S. sovereign wealth fund. The proposal has sparked debate among top investors, including billionaire hedge fund manager Bill Ackman, who called the idea “superb”—provided it fairly accounts for shareholder rights.
Continue reading Treasury Secretary’s Bold Plan for Fannie Mae & Freddie Mac Shakes Wall Street