Bill Ackman Chases 1,200% Profit on a Trump Trade
January 9, 2025
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2:40Now PlayingBill Ackman Chases 1,200% Profit on a Trump Trade
YouTube Description
as posted by the channelBill Ackman, the founder of Pershing Square Capital Management, is highlighting the opportunity to scoop up shares of the Federal National Mortgage Association, the government-backed home loan giant better known as Fannie Mae, and its rival Freddie Mac on the cheap before the US government unwinds its massive stakes in the companies. After a late December social media post laying out his case for the trade, the stocks skyrocketed 45% in less than an hour, and have continued to climb, but experts warn an unwinding of the government’s stake is not a done deal. Norah Mulinda reports on Bloomberg Television.
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