Fannie Mae-No Politics (FNMA)

[cooler_heads]

JIM CRAMER: I just want to go back to Fannie Mae. When you hear something like a Fannie Mae $2 stock, do you say, listen, it's just the government and I don't want to master it, or is this intrigue?

NELSON PELTZ: No, Bill shines in those kinds of things. That's not an area that we feel comfortable in. We like brands. We like franchises that we understand.

WILLIAM ACKMAN: I had a meeting with an investor once, a big institution in the U.K. And I described our investment and general growth, when the stock was 50 cents and what the whole story is. He called it the sex and violence part of our portfolio.

Fannie Mae is in the sex and violence part.

JIM CRAMER: Which is the favorite stock -- which is your favorite stock in his portfolio? Which is your favorite stock in his portfolio?

WILLIAM ACKMAN: I don't know.What do you got?

NELSON PELTZ: I'm going to take Fannie Mae because I know nothing about it, but I've got great confidence in Bill.

http://www.cnbc.com/2015/07/15/cnbc-exclusive-cnbcs-jim-cramer-interviews-nelson-peltz-and-william-ackman-from-cnbc-institutional-investor-delivering-alpha-conference.html