Bill Ackman Warns Trump Against 'Rushing' Fannie-Freddie IPOs, Floats Plan For $400 Billion Valuation - Federal Home Loan (OTC:FMCC), Federal National Mortgage (OTC:FNMA)

Billionaire investor Bill Ackman, founder and CEO of Pershing Square Capital Management, is advising the Donald Trump administration against rushing initial public offerings (IPOs) for mortgage giants Fannie Mae (OTCQB:FNMA) and Freddie Mac (OTCQB:FMCC) .Ackman’s A Warning Against Rushing IPOsInstead, Ackman unveiled a three-step reform plan on Fox Business‘ “Mornings with Maria” that he claims would secure “hundreds of billions of dollars in value” for taxpayers.“Rushing to IPO is a mistake,” Ackman stated ...