Bank of America Co-President Jim DeMare sends clear signal that BofA is fighting, "trying" to be the lead on the deal with @realDonaldTrump to take Fannie Mae and Freddie Mac public after over a decade and a half in conservatorship. This is to be the shepherd of the "largest IPO in U.S. stock market history", at over $30B in initial offerings, according to @SecScottBessent. The name of the chosen institution could be announced any day.
$FNMA $FMCC
Booom ! Bessent on Maria ! 17:15 Mark
“We're looking for investors who will be long term holders… We also want American people & small shareholders have a stake in these companies (Fannie and Freddie) too. Part of the American dream.”
https://t.co/SBy9pdKQZ6
Howard Lutnick, Scott Bessent, and myself are working on options together for the President, and ultimately, it will be the President’s decision what to do.
Booom ! Fannie & Freddie on Mornings with Maria 7:00 min mark Scott Bessent said Sept maybe early October !
Maria said so much interest it's already over-subscribed !
https://t.co/aIHlUu6DgB
Maria jus asked Treasury Sec Bessent on TV about Fannie & Freddie - Govt will only sell 3-6% being recommended by Banks ~ $30 Bil
Maria asked which Bank gets the offering Job - said there is so much interest it is "already" Oversubscribed ! 👍🤑💰