Wed, January 1, 2025
Tue, December 31, 2024
[ Tue, Dec 31st 2024 ]: Salon
5 thought-provoking books of 2024
Mon, December 30, 2024
Sun, December 29, 2024

Bill Ackman expects Trump to privatize Fannie Mae and Freddie Mac

Bill Ackman, the billionaire investor and founder of Pershing Square Capital Management, has expressed his expectation that former President Donald Trump, if re-elected in 2024, would move to privatize Fannie Mae and Freddie Mac. Ackman, who has a significant investment in the mortgage giants, believes that Trump's administration would prioritize this action, potentially benefiting shareholders like himself. He highlighted the potential for substantial returns, referencing the companies' past performance and the current market conditions. This statement comes amidst ongoing discussions about the future of these government-sponsored enterprises, which have been under conservatorship since the 2008 financial crisis.

Read the Full Reuters Article at:
[ https://www.reuters.com/business/finance/bill-ackman-expects-trump-privatize-fannie-mae-freddie-mac-2024-12-30/ ]