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And this is what makes it a shady deal...
President Trump appointed Joseph Otting to oversee the Federal Housing Finance Agency, which regulates Fannie and Freddie. Otting previously served as CEO of OneWest Bank, founded by now-Treasury Secretary Steven Mnuchin, an ally of Kushner’s in the West Wing.
Investment banks will not lend them the money. That is what is up !
But they surely will if the government will back the loan.
Yes, then someone will buy it. guaranteed money for everyone except the taxpayer.
Corporate Socialism.
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