Fannie Mae-No Politics (FNMA)

[YanksGhost]

Maybe Bill Ackman believes, as I Have said for ages, that both classes of shares are likely to have value soon, and maybe he covets the restored divvies. Maybe, too, he believes in spreading risk across multiple outcomes to be a multi-part winner.

I find the premise of an "all at once" done deal remote, at best, and childishly hopeful in a 70% probability. It's like betting all Trifecta's and feeling smart about your superior knowledge of outcome probabilities.