Fannie Mae Ruling Means Ackman's Valuation Is Now $100-$250
- The ruling revealed that the government is following all of its laws and will be revealing Fannie and Freddie to private shareholders.
- The government is signaling that the warrants are going to be cancelled for anyone who actually reads filings and understands what is going on.
- No takings have occurred yet. Another amendment is to follow. The entities are in conservatorship and not receivership. The stock continues to trade.