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Fannie Mae and Freddie Mac shares rally as Ackman presses for conservatorship exit

By ChordNews · First written

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Summary

Shares of Fannie Mae and Freddie Mac rallied after investor Bill Ackman pressed for the companies to be released from conservatorship, the government control they have been under. According to Bill Ackman, as reported by CNBC, the midterm elections could be a turning point for that release.

Timeline

  1. CNBC

    Source ↗

    CNBC reports that Fannie Mae and Freddie Mac rallied as Bill Ackman presses for an exit from conservatorship, and that according to Ackman the midterm elections could be a turning point for releasing the two companies from government control.

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