Bill Ackman says Pershing Square (NYSE:PS) owns about 10% of both Fannie Mae and Freddie Mac, and sees 10x potential in the stocks.
Ackman calls a release "a political imperative" and says a president can do it by executive order, even if midterms go against the President.
Taxpayers get paid first: Treasury's senior preferred stake carries a $238 billion liquidation preference, and warrants cover 80% of common stock.
Read More: Learn 7 ways to generate income with a $1,000,000+ portfolio (sponsor)
Bill Ackman says the White House has a historic trade within reach. "It will be the greatest real estate deal of all time," the founder of Pershing Square (NYSE:PS) said of releasing Fannie Mae and Freddie Mac from government conservatorship. The Motley Fool's report of Pershing Square's third-quarter earnings call on Tuesday, Nov. 3 noted he estimated the move would create half a trillion dollars of value, 80% of it held by taxpayers. He called that estimate conservative.
#taxpayers #learn
Ackman calls a release "a political imperative" and says a president can do it by executive order, even if midterms go against the President.
Taxpayers get paid first: Treasury's senior preferred stake carries a $238 billion liquidation preference, and warrants cover 80% of common stock.
Read More: Learn 7 ways to generate income with a $1,000,000+ portfolio (sponsor)
Bill Ackman says the White House has a historic trade within reach. "It will be the greatest real estate deal of all time," the founder of Pershing Square (NYSE:PS) said of releasing Fannie Mae and Freddie Mac from government conservatorship. The Motley Fool's report of Pershing Square's third-quarter earnings call on Tuesday, Nov. 3 noted he estimated the move would create half a trillion dollars of value, 80% of it held by taxpayers. He called that estimate conservative.
#taxpayers #learn
2 hours ago
