Trump Asks Bank CEOs to Pitch on Fannie, Freddie Stock Offerings

President Donald Trump brings bank leaders to the White House one by one. Beyond the economic debate, there is a great salary day for its companies.

According to people familiar with the issue, Trump wants the mortgage giants from the fields of making money from Fannie Mae and Freddie Mac.

Last week Trump, JPMorgan Chase & Co. He invited his CEO Jamie Dimon to meet at the White House. Goldman Sachs Group Inc. CEO David Solomon meets Trump in the afternoon and Bank of America Corp. CEO Brian Moynihan is also expected to meet with Trump in the coming days. People said the talks would include other banks.

Officially, Mortgage Corp. The so -called two organizations are the major financial bodies of the US housing system. Companies have been under the government conservatory since the 2008 financial crisis. Fannie and Freddie returned to stable profitability with the protection of gains.

In May, Trump said that after the government check for more than ten years, he said, “Fannie Mae and Freddie Mac Public attaches great importance to bringing it.

Hedge funds and other investors asked the government to release the two assets from the conservatory, which will be able to make a decline, including the government itself. Analysts said it could be one of the biggest public offers so far.

Many complex details will need to be solved for any such plan, including which share to be offered at the beginning of any sales and how to handle the trade of investors holding existing shares.

Trump asks CEOs to present their ideas about the strategy of explaining the organizations to the public and how their banks can play a role, and people asked them not to be defined to discuss private information.

The White House spokesman could not comment immediately. White House Press Secretary Karoline Leavitt asked Trump’s meeting with Solomon early on Thursday. “I will not discuss the president’s special meetings from this podium,” he said.

With the help of Patrick Clark and Katy O’donnell.

This article was created from an automatic news agency feeding without changing the text.