UncleLongHair

The SEC Panics

Ackman's plan makes no sense for anyone but himself. FNM and FRE are not insolvent, don't need a bailout, and certainly don't have to have their short term debt wiped out.

This is just another attempt by Ackman to create a crisis in a company that he has shorted. I'm astonished by the gall of someone who goes on CNBC, states that he is short a stock, and then politely suggests a restructuring plan that sends that stock to zero in order to "benefit America". Give me a break. I hope he loses his shirt.