Bill Ackman Warns Trump Against 'Rushing' Fannie-Freddie IPOs, Floats Plan For $400 Billion Valuation

Benzinga_recent_news11-20

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...

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He referred to the Barack Obama administration’s “net worth sweep” as “theft,” which he said Secretary Steven Mnuchin “stopped,” enabling the companies to rebuild capital.\nHowever, Ackman stressed that “a lot of steps needed to be taken” before an IPO, including resetting capital levels and putting the “right teams in place.”\nHe warned against disrupting the “fragile” mortgage market by rushing such a significant transaction.\nSee Also: Billionaire Bill Ackman Set To Unveil New Proposal For Fannie Mae and Freddie Mac\nAckman’s plan aims to avoid widening mortgage spreads, which could happen with an uncertain, rushed IPO. He proposes keeping the entities in conservatorship while listing them on the NYSE, offering “the best of both worlds” – zero risk of spreads widening and potential for narrowing.\nThis measured approach, he contends, aligns with the President’s ambition to demonstrate value creation for taxpayers, projecting a much higher valuation than previous estimates.\nBeyond Fannie and Freddie, Ackman expressed broader optimism for the U.S. economy, citing “massive AI investment,” deregulation, and tax reforms as significant tailwinds.\nHe also touched on social issues, passionately advocating for all Americans to participate in capitalism through initiatives like universal 401(k) plans, to combat growing wealth disparity and resentment that “leads to socialism.”\nThe futures of the S&P 500, Nasdaq 100, and Dow Jones indices were trading higher on Thursday, after advancing on Wednesday.\nRead Next:\nDisclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.\nImage via Shutterstock","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.35.12","shortVersion":"4.35.12","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2584613320","isCrawlerRequest":true}