Ackman to stay out of spotlight on GSE bet?

Perhaps sensitive over the press bruising he's taken for being the puppetmaster behind government investigations of Herbalife, maybe look for Bill Ackman to try and stay out of the spotlight on Fannie Mae (FNMA +2.1%) and Freddie Mac (FMCC +2.1%), writes Dan Freed.

Ignoring for the moment Ackman's 110-page slide presentation on the GSEs at Ira Sohn two weeks ago, a source close to the hedge funder says don't expect a big public campaign a la Herbalife or Allergan. While Bruce Berkowitz has publicly offered his policy assistance over Frannie to the government and Blackstone has done so privately, Ackman's camp believes D.C. has little interest in the advice of hedge funds in this instance.

For anyone who heard at least snippets of Ackman at Ira Sohn, we'll file this story under "believe it when we see it."

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Comments (5)
  • Nettligent
    , contributor
    Comments (1346) | Send Message
    Bill Ackman made a strategic smart move, know how to stay out of spotlight, and not too close to the sun.
    It does not matter much and let's the U.S. government to decide what to do. Most of the time, these politicians were clueless and reckless, that is how we got into this housing crisis.
    If you want blood, go after previous management and their crooks, banks, lenders, underwriters, politicians, and the rest of the enterprise criminals. The rest of the world will be more than happy to join the first global class action lawsuits. These crooks left us with nothing but pain and suffer.
    But, hey, you know the old prosecutorial shuffle: The Corporation did it, Congress approved, not management and their crooks.
    Fannie and Freddie are the finest institutions. Progress has been made and we should continue to rebuild new foundation by streamline process with best governance and transparency.
    There were so much challenges and obstacles. More works need to be done. So far the current U.S. government handling Fannie and Freddie, AIG, GM, and the rest very well. We must have faith and confidence.
    As a major shareholders, U.S. government and Taxpayers calling the shots, be decisive, make a bold moves and we just riding along.


    One more thing: "Forgive but never forget these names." John F. Kenedy
    20 May 2014, 10:28 PM Reply Like
  • oilman545
    , contributor
    Comments (64) | Send Message
    The politicians are so used to doing whatever they want regardless of why they are actually there, there is no wonder the government will come under fire. Look, if you sell shares to the public, the public is expecting to make a return. When the corporation goes profitable, how can you even think about killing it. Corporations cannot do something that is not in the best interests of the shareholders, otherwise it becomes lawsuit time and the US government will lose prestige.
    20 May 2014, 10:35 PM Reply Like
  • Nettligent
    , contributor
    Comments (1346) | Send Message
    When the U.S. government and Taxpayers took over, Fannie and Freddie were virtually bankrupted and in spiral of death. All the investment wiped out, myself and families included. I still licking my wound today. Million of people as far as Europe and Hong Kong shared the same fate. Ironically, nobody has been charged with criminal prosecutions. All the enterprise criminals are laughing all the way to the banks.
    Rebuild AIG, Fannie, Freddie, etc. need professional management with commitment, expertise, and integrity.
    When these impotent politicians considered to kill Fannie and Freddie, they just want easy way out with quick fixes. America has so many seasonal management willing to help out, Warren Buffett is one of them. Learn from success stories.
    Former U.S. President Franklin Roosevelt and taxpayers would never forgive them.
    Furthermore , if U.S. government is reasonable, they probably consider the options with some arrangement. If not, we whoheartedly support their ultimate decision.


    Fannie Mae and Freddie Mac are for America by Americans. Fund Managers should consider to target many other bad companies in America. I love Fund Manager and their masterpieces.
    20 May 2014, 10:52 PM Reply Like
  • Curious2
    , contributor
    Comments (1662) | Send Message
    Ackman is smart, he knows it is unwise to take on the government, with the flaky politicians and IRS. Besides, HLF is a scam very similar to the world's largest MLM scam, Amway, so it's a good target:
    21 May 2014, 10:50 AM Reply Like
  • Craig Joyce
    , contributor
    Comments (87) | Send Message
    Thanks for the insights, I hadn't heard any of the allegations against Herbalife, esp. on Seeking Alpha which has virtually ignored HLF. I wonder why ?
    23 May 2014, 01:38 PM Reply Like
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