Ackman Sees Fannie Issue Resolved Under Trump Administration

"I think Fannie and Freddie are going to get resolved within the first 12 months of this new administration, and I’m looking forward to having my second meeting with Donald Trump and negotiating a deal," hedge fund manager Bill Ackman says at conference in NYC.

  • Ackman, founder and CEO of Pershing Square Capital, says his first meeting with Trump was about 20 years ago
    • NOTE: Fannie Mae and Freddie Mac investors such as Ackman have challenged an arrangement in which U.S. Treasury Dept takes all of the mortgage cos.’ profits above a minimum net worth threshold; the firms have operated under federal conservatorship since they were seized during financial crisis
  • Ackman also says he woke up Wednesday "extremely bullish" on President-elect Trump
    • Trump will get a lot done, is business focused
  • NOTE: During Republican presidential primaries, Ackman headed effort to draft former NYC Mayor Michael Bloomberg to run for president
    • Michael Bloomberg is owner of Bloomberg LP, parent company of Bloomberg News