tuesday november 29th. the very next day, wednesday, november 30th, that same hedge fund guy went on tv and said what he thought should happen with a really big portion of the american economy. would you move to change fanny and freddie at this point and move to have these. tized? absolutely, we ve got get them out of government ownership. it makes no sense that these are owned by the government and had been controlled by the government for as long as they have. okay. so tuesday, that guy gets picked for treasury secretary. wednesday, he goes on tv and says the government should privatize fannie and freddie. the government should release those two government run mortgage companies back into the wild. and then look what happened after he said that. boing. one of the big jest jumps in stock trieses those companies have seen since the crash, since the government took them over in the crash of 2008.
pundants and the media don t talk about how much money he spent to win the election. he spent less. how did he make that money and some of his possible cabinet members in terms of another conflict of interest concern. donald trump s cabinet pick steve mnuchin, he made that pick on the 29th. he has a lot of experience in mortgages. i want to share what he said the day after his nomination on fox business. would you move to change fannie and freddie. would you move to have these privatized? absolutely. we have to get fannie and freddie out of government ownership. it makes no sense that they have been owned by the government and controlled by the government nor as long as they have. steve mnuchin goes on television, the media that we talk so much about. what was the result? one of the biggest jumps in stock prices in those companies,
i think it is good for the country that knows what it like because of fannie, freddie, federal reserve, irresponsible behavior, despite the fact you did nothing wrong to lose home value even if you did nothing wrong. millions of americans went through that. martha: mortgage on his house. he is not alone in that in america. ed rollins, campaign director for ronald reagan in 1984. joe trippi, former campaign manager for howard dean. both are fox news contributors. good to have you here. this is issue that bubbled around for a long time with regards to marco rubio. the last time around, people said, well, you know if he runs there will be issues about florida finances. ed, how did he handle that question? how big of a deal is this for him if at all. handled it very well just as he handles everything very well. he is extraordinary debater. he knows who he is. he doesn t run away from anything. growing up. father was bartender, mother was a maid. great accomplishments in his life. donald
i own one home. it is only debt i have in the world. it is mortgage on my home. actually i think it would be good for this country to have a president who knows what it feels like have your house louis value because of irresponsible, reckless behavior by fannie and freddie and federal reserve.
bush pushing it and fannie and freddie bringing the whole system down and getting into these economy wars that made no sense to me at the time. so we said, with giev tot oppose this. right. so when bush came in, we had a $155 billion surplus. when he left, we had a deficit that was up to 5$500 billion. the national debt doubled. it s doubled again under barack obama. the question is i know that you have worked hard with your brother to elect republicans. are you does couraged and about to get out of politics again or are you out there no. i don t care what party. i just want somebody who s going to advance these ideas to take