Bill Ackman @BillAckman

RT @usnavycmdr: FNMA - Top Institutional HOLDINGS

RT @nicosintichakis: BREAKING: CAPITAL WORLD INVESTORS disclose fresh $500 million USD investment 53 million common shares in Freddie Mac…

RT @pulte: Obama and Biden kept Fannie and Freddie under the thumb of Washington grifters, who were always looking to milk a dime out of Fa…

It is abundantly clear that the administration wants Fannie and Freddie (F2) shares to go higher in the run up to a share sale. @howardlutnick knows how to talk a stock up and that’s precisely what he is doing here. Those that have suggested that the government is going to unilaterally convert the senior preferred stock (SPS) into common stock and massively dilute shareholders have lost the plot. The only way for a successful IPO to occur is to respect the original contract where the SPS receives a 10% return and the government receives 79.9% of both companies through the exercise of warrants. If the government massively dilutes the current shareholders which include a wide array of Insitutional shareholders and millions of retail investors, who would sign up to buy stock in either company, let alone finance the largest IPO of all time? President @realDonaldTrump likes to see stocks soar when his administration takes actions to help our country. The last thing he is going to do is wipe out the tens of billions of dollars of shareholder value he has already created for taxpayers and the millions of small shareholders and institutions like Capital Group, Morgan Stanley and others who own the shares. F2 institutional ownership is increasing every day. It is not as visible as usual because F2 shares are not considered 13F securities and there is no requirement for institutions to disclose their ownership stakes.

We likely have been too conservative in our estimate of Fannie’s and Freddie’s combined valuation, in particular, with respect to the earnings multiple we used in light of their extraordinarily dominant market positions. Valued like the must-own critical systemic infrastructure

RT @LindseyGrahamSC: To Norway’s sovereign wealth fund –which is the largest in the world: Your decision to punish Caterpillar, an American…

RT @marcuslemonis: Official statement regarding @BedBathBeyond We will not open retail stores in California. This isn’t about politics —…

@KobeissiLetter We have not bought any UNH. Please correct this post.

@cryptoshii We haven’t bought any UNH.

RT @FreeFannie: What if they create a holding company ( $gamc ) for $fnma & $fmcc ❓️ General Example of Parent-Subsidiary Reorganization H…

RT @RagingVentures: Ackman on the prowl for a $1-2 b insurance acquisition at $HHH, outlines Buffett’s unique approach https://t.co/OvqBdVq…

Risk Matters: It’s Time to Merge Fannie Mae and Freddie Mac | Robert H. Smith School of Business https://t.co/qul0MUkJfd

@CommunityBnkInv When institutions are this systemically important, competition doesn’t reduce risk. It increases risk. These are monoline insurers of first mortgages made to creditworthy middle class borrowers. Innovation in this space is what caused the financial crisis. The GAMC should be

One way to reduce mortgage rates would be to merge Fannie and Freddie. A merger would enable them to achieve huge synergies both in their operations and in the trading price and spreads of their MBS, savings which could be passed along to consumers in the form of reduced mortgage rates. A merger would also reduce the cost and risks of government oversight as there would be only one institution that would require FHFA oversight. I suspect that this is @realDonaldTrump’s idea as implied by his post below. It’s a really good one. LFG!

RT @pulte: Trump seems to confirm 2025 timing for Fannie, Freddie IPO https://t.co/0FodpLAqwx

@Lowes is a great company with superb management. https://t.co/ARNNjJiiLG

RT @TylerEHand: $FNMA $FMCC

On Fannie and Freddie capital ratios. Worth a read. https://t.co/RhN94NTsea

I think @pulte is either being mischaracterized or misunderstood here. I believe both Fannie and Freddie (‘F2’) are likely to exit conservatorship within the next year or so. But that does not mean that the government is walking away from either company. The government will likely remain a majority or substantial majority owner of both. The PSPA will likely remain in place in exchange for commitment fees from both companies, and the companies will exit conservatorship. The shares will be relisted on the NYSE or NASDAQ and a ‘piece’ of each company, 20% or so, will be held by the public with the balance of shares becoming a long-term asset of a newly formed sovereign wealth fund. Conservatorship is for insolvent financial institutions, not for recapitalized listed companies. Upon further reflection, we believe a superior approach to primary stock offerings is for both companies to have a consent decree in place which prohibits the payment of dividends on the preferred and common shares until such time as the companies reach minimum capital standards which we believe will be reset at 2.5%. This will enable them both to relist and emerge from conservatorship more quickly, and eliminate dilution from primary share offerings, maximizing taxpayer and shareholder value. F2 will have implicit government support because of their SIFI status, their majority ownership by the government, and the PSPA backstops. We do not believe the implicit support will ever have to be called upon because both companies will have fortress balance sheets (capital equal to multiples of the actual GFC realized losses) and enormous additional claims paying resources in a crisis from recurring guarantee fees and the ability to continue writing new guarantees. This is before they would need to call upon the PSPAs if more support were needed. It is important of course that they stay focused on their core low-risk first mortgage guarantee business for creditworthy borrowers. This can be maintained with proper governance and restrictions built into the companies’ corporate charters.

The recorded testimony below is from a passenger on the IAG Vueling flight which makes clear that Vueling’s official statement about their purported reason for the removal of Jewish kids and the abusive detention of their counselor from their aircraft is false. The CEO of IAG (LSE: IAG LN) Luis Gallego is now hereby informed that his only subsidiary, a highly regulated European airline, has issued a false statement to cover up hateful acts by his employees. Mr. Gallego, the buck stops with you. Now is the time for you to act.

Vueling is owned by International Airlines Group whose CEO is Luis Gallego Martin. How can a CEO not take responsibility for the actions of his employees? Where is his accountability? Where is the board of directors? Why are they not holding their CEO accountable? What does US ally Qatar, the 26% shareholder of $IAG LN have to say about this?

RT @time2trade2: $FMCC - Freddie Mac $FNMA - Fannie Mae Thank you, @realDonaldTrump, Mr. President, and thank you, @pulte, Director Bill Pu…

.@EPotterMD is a breast cancer surgeon who exposed @UHC’s United Healthcare’s aggressive and abusive insurance practices. UHC is now under criminal investigation by the DOJ for Medicare fraud. UHC is ruthless in going after its critics as covered in today’s front page @nytimes article https://t.co/17fQFnI9WT. Unfortunately Dr. Potter has also suffered financially as a result of being a UHC whistleblower, and finds herself in a tough place as UHC will not provide coverage for patients at her surgery center. Let’s help her stay solvent by supporting her @gofundme campaign: https://t.co/pWFZIBB459 Whistleblowers serve a critical public purpose. It is important for them to be protected from harm.

@HoldenWalker99 @FannieMae @FreddieMac I should have said warrants for 79.9% of the common stock. Apologies.

@HoldenWalker99 @FannieMae @FreddieMac I disagree. If the government violates the original terms of the SPS, the common stock will likely trade at a substantial discount that will more than offset the incremental ownership the government will receive from an SPS conversion into common stock. Because the Treasury owns