Trump Courts Wall Street Leaders As Banks Compete To Lead $500 Billion Fannie Mae And Freddie Mac IPO

Benzinga

Goldman Sachs shares rose after CEO David Solomon pitched Trump on leading the historic Fannie Mae and Freddie Mac IPOs. The $500 billion valuation could make them the largest public offerings ever, surpassing Saudi Aramco. Top bank executives are competing for roles as the administration weighs government control and investor demand.

Transcript

00:00It's Benzinga bringing Wall Street to Main Street.

00:02Goldman Sachs economists said the October 15th military payday could force Washington to end

00:07the ongoing government shutdown by mid-October, according to CNBC, for reciting growing political

00:12pressure to avoid missed paychecks for 1.3 million active-duty troops as a potential catalyst for

00:18compromise. Prediction markets such as Polymarkets show a 71% chance the shutdown continues beyond

00:23October 14th. President Donald Trump warned that temporary furloughs could become permanent if no

00:29deal is reached. Goldman Sachs said pressure may push both parties towards a deal, but if troops

00:33are paid despite the funding lapse, few other events would force an end in the shutdown.

00:37For all things money, visit Benzinga.com.

Category

Transcript

Be the first to comment

Recommended