Ackman Says Now Isn’t Time for US To Sell Fannie, Freddie

Billionaire Bill Ackman said now isn’t the right time for the Treasury to sell its shares of the government-sponsored mortgage giants known as Fannie Mae and Freddie Mac.

The Pershing Square Capital Management founder held a presentation on X Tuesday that said it “will take significant time” for the government to “deliberately execute” an initial public offering of its shares of Federal National Mortgage Association and Federal Home Loan Mortgage Corp. He also laid out a series of moves — including re-listing on the New York Stock Exchange — that could help Trump take some action sooner.