Billionaire Bill Ackman Says Trump’s Plan To IPO Fannie Mae and Freddie Mac Soon Is ‘Not Feasible’
Billionaire hedge fund manager Bill Ackman has criticized the Trump administration’s plan to sell shares of mortgage giants Fannie Mae and Freddie Mac to the public, laying out an alternative path that would reward existing common shareholders. Ackman, whose Pershing Square hedge fund holds a substantial stake in Fannie and Freddie’s common stock, unveiled an … Read more