We've got to get Fannie and Freddie out of government ownership. It makes no sense that these are owned by the government and have been controlled by the government for as long as they have . . . [W]e gotta get them out of government control.
Mnuchin advocates for ending government control of Fannie Mae and Freddie Mac.
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The reforms would standardize the approach to capital regulation, improve the quality and consistency of bank capital requirements, and level the playing field for U.S. banks.
Let me be clear: That is a false choice. Americans should not have to, and did not have to, choose between quickly getting aid during a crisis and preventing the theft or waste of billions of tax dollars.
There is simply no justification or justifiable reason to take these tools away, with the pandemic crisis worse than it has been.