*For the record, a "change in shareholder/ownership structure" is not the same as not up-listing these companies. There can be both an uplist after midterms and a restructure (release?) in a year or two. In fact, it's what I believe @BillAckman has been advocating for some time. $FNMA $FMCC

$FNMA $FMCC Fannie and Freddie shareholders are on the lips of @SecScottBessent once again. Lloyd in New York: "Thanks so much for hosting and having the secretary on the program. I think it's fantastic. As you guys had mentioned, one of the issues confronting all Americans, young, old, Democrats, Republicans, is housing and affordability. Critical, critical issue. On the campaign trail and over the course of the last eight years, if not 10 years, the president's referenced on many occasions the critical role that Fannie Mae and Freddie Mac play within the economy and the mortgage market and has acknowledged their success. Yet for 18 years, they remain in conservatorship and for over 14 years, they've been subject to the net worth sweep that was implemented by the Obama administration and deemed illegal by the decision in the Fairholme case. The taxpayers would benefit, the shareholders would benefit, the economy writ large would benefit from an exit from conservatorship. And I'm wondering if there is a plan to address this issue and take the shareholders out of purgatory and benefit all people within the economy in the process." Host: "Lloyd, thank you. Mr. Secretary, this is such a complicated one because the status quo ain't great but change is difficult with Congress and some of the debt and other issues. So how do you all see that these issues?" Treasury Secretary Bessent: "Yeah, and and look, our North Star on this will be, and it's unclear why homeowners or mortgage holders would benefit [from] a change in the arrangement of the shareholder structure. So whatever we do is going to be guided by making sure that the spread on mortgages, on agency mortgages over the Treasury does not increase. So that that's our North Star and you know, I would imagine that next year, [or] the year after, we we will be tackling the ownership structure."