The Stench Of Crony Capitalism: Blackrock And Pimco Whine About Cutting Fannie Mae/Freddie Mac Loose From Government Teats

The investors, including BlackRock Inc., Fidelity Investments and Pacific Investment Management Co., have told the Trump administration that any move to privatize Fannie and Freddie should include an explicit guarantee of the $5 trillion in mortgage-backed securities they issue, which only Congress can provide, according to people familiar with the matter.