Treasury Secretary-designate Steven Mnuchin wasted no time Wednesday joining one of the thorniest debates in the financial services arena, saying the Trump administration would seek to end government control of Fannie Mae and Freddie Mac and return them to the private sector.

"We gotta get Fannie and Freddie out of government ownership," Mnuchin said on Fox Business. "It makes no sense that these are owned by the government and have been controlled by the government for as long as they have."

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