Bill Ackman proposes combining Fannie Mae and Freddie Mac

Billionaire investor Bill Ackman in an X post on Sunday suggested merging US government-sponsored enterprises Fannie Mae and Freddie Mac, saying the move would help reduce mortgage rates and achieve huge synergies both in their operations and in the trading price. President Trump’s administration has been eying an initial public offering of Fannie Mae and Freddie Mac later this year,...