Wall Street is weighing in on the possible fate of home loan giants Fannie Mae and Freddie Mac, after a fleeting suggestion by Treasury Secretary Scott Bessent earlier this week that the government’s stakes could eventually become part of the proposed US sovereign wealth fund.
Billionaire hedge fund manager Bill Ackman, who has long sought to profit from the re-privatization of the so-called government-sponsored enterprises, endorsed the idea on social media while noting that it would have to be done in a way “respecting the shareholders’ place in the hierarchy of claims.”
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