Two days ago, a Wall Street investment bank stated that the U.S. government should merge Fannie Mae and Freddie Mac to reduce management expenses. These two entities were taken over by the Treasury Department during the financial crisis in 2008, and they were also direct triggers of the financial storm.

Trump plans to sell the two entities for $500 billion. Compared to the $100 billion invested by the Treasury in 2008 and 2009, if Trump does sell for $500 billion, the return on investment may not match SoftBank's investment in Alibaba. It is said that when Jack Ma approached Masayoshi Son and bragged a bit, he secured $20 million, which brought SoftBank a return of $90 billion, a return rate of 450 times, making it one of the best investments. Without this investment, SoftBank would have been in trouble much earlier. In the 2017 bull market, Masayoshi Son bought a large amount of #BTC , which turned out to be a holding he couldn't keep, selling it that same year. Later, he invested in #FTX , which left everyone dumbfounded. Both of these investments were made in exchange for Alibaba, and it is said that he even persuaded Teacher Ma. 🤣

Does Trump's plan to sell the two entities need to go through the Senate and House of Representatives? Or does the president or the Treasury have the authority to directly find buyers? Does anyone know?