Political Editors / September 9, 2019

Trump Plans to Pardon Fannie and Freddie

The president aims for more deregulation, this time of the mortgage-lending industry.

U.S. Treasury Secretary Steven Mnuchin announced a plan last week to seek the release of mortgage-finance behemoths Fannie Mae and Freddie Mac from government control. The plan notes, “After 11 years, [it is] time to bring conservatorships to an end. Ending the conservatorships is a critical step to reducing that government influence” on the housing market. Mnuchin explained, “Our view is that the government footprint has become too big. There are people in Washington who are happy to leave this the way it is for another 10 or 20 years, and that’s not us. We feel an obligation to try and fix this.”

The Wall Street Journal notes, “Fannie and Freddie don’t make loans but instead buy them from lenders and package them into securities that are sold to other investors. Figuring out how to refashion the companies remains the largest single piece of unfinished business from the financial crisis. The government assumed control of the firms in 2008 during the height of the crisis to prevent their failure, which officials’ feared would trigger a broader collapse in the housing market.”

As astute readers will recall, Democrats seeded the 2008 financial crisis with horrible mortgage-lending policies beginning in the 1990s. Trump aims to undo some of that government interference.

The Trump administration’s 50-part plan seeks “to level the playing field between the two government-sponsored enterprises, limit government-backing for the institutions for a fee and invite more private competition into the mortgage market,” reports The Hill. The plan to release Fannie and Freddie is a move in the right direction, but there is no guarantee that it will be implemented before 2020, as it would require legislative action from a divided Congress.

Start a conversation using these share links:

Who We Are

The Patriot Post is a highly acclaimed weekday digest of news analysis, policy and opinion written from the heartland — as opposed to the MSM’s ubiquitous Beltway echo chambers — for grassroots leaders nationwide. More

What We Offer

On the Web

We provide solid conservative perspective on the most important issues, including analysis, opinion columns, headline summaries, memes, cartoons and much more.

Via Email

Choose our full-length Digest or our quick-reading Snapshot for a summary of important news. We also offer Cartoons & Memes on Monday and Alexander’s column on Wednesday.

Our Mission

The Patriot Post is steadfast in our mission to extend the endowment of Liberty to the next generation by advocating for individual rights and responsibilities, supporting the restoration of constitutional limits on government and the judiciary, and promoting free enterprise, national defense and traditional American values. We are a rock-solid conservative touchstone for the expanding ranks of grassroots Americans Patriots from all walks of life. Our mission and operation budgets are not financed by any political or special interest groups, and to protect our editorial integrity, we accept no advertising. We are sustained solely by you. Please support The Patriot Fund today!


“Our cause is noble; it is the cause of mankind!” —George Washington

The Patriot Post is protected speech, as enumerated in the First Amendment and enforced by the Second Amendment of the Constitution of the United States of America, in accordance with the endowed and unalienable Rights of All Mankind.

Copyright © 2022 The Patriot Post. All Rights Reserved.

The Patriot Post does not support Internet Explorer. We recommend installing the latest version of Microsoft Edge, Mozilla Firefox, or Google Chrome.