Mar. 20 at 7:30 PM
Hedge fund manager Bill Ackman met with Trump administration officials this month to push for the removal of the government’s senior preferred shares in Fannie Mae and Freddie Mac, according to Barron’s.
Pershing Square’s CEO presented his plan to key officials, including National Economic Council Director Kevin Hassett, White House Deputy Chief of Staff James Blair, Federal Housing Finance Agency Director Bill Pulte, and Treasury Undersecretary for Domestic Finance Jonathan McKernan.
Ackman’s proposal targets the government’s senior preferred shares, giving it
$370 billion in claims on the two mortgage finance firms. He has been publicly advocating this plan for months.
The meetings are part of a broader investor effort to persuade President Trump to help them realize returns on their stakes.
Fannie Mae and Freddie Mac remain under government control, and a release from this status appears distant.
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