Fannie Mae, Freddie Mac rally as Ackman presses for conservatorship exit
Summary
Shares of Fannie Mae and Freddie Mac surged following remarks from Bill Ackman regarding their government control. According to the investor, the upcoming midterm elections could pave the way for the mortgage giants to exit their current conservatorship status.
The midterm elections could be a turning point for the release of Fannie Mae and Freddie Mac from government control, according to Bill Ackman.
Source: Read the full story at US Top News and Analysis
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