The founder of Panshing Square Capital: It is the right time for non-U.S. governments to sell Freddie Mac and Fannie Mae

Ackman, the founder of Pershing Square Capital, stated on Tuesday that it is not the right time for the U.S. Treasury to sell its shares in the two government-sponsored mortgage agencies, Freddie Mac (FNMA.US) and Fannie Mae (FMCC.US).

He mentioned on social media platform X that if the U.S. government wants to promote the IPOs of the two companies, it needs to gain market consensus. The U.S. Treasury acquired preferred shares and warrants during the bailout period of the 2008 financial crisis and suggested that the government exercise the warrants to hold nearly 80% of the common stock. Since the Treasury has recouped its invested funds and collected about $25 billion in dividends, he believes it is reasonable to consider the preferred shares as repaid and to restore them to public listing