Bill Ackman is the enemy of the shareholders and always in favor of the JPS holders, calling the common stocks "options", calling for a "Privatization", lying about what the SCOTUS said implying that FHFA has absolute discretion in its actions, when Justice Alito talked about "the rehabilitation of FnF" endgame, paraphrasing his colleague judge Willett when he interpreted the "authorized by this section" (within the enumerated powers -Rehab-) in the prior en banc ruling.
The rehabilitation in a financial company is about capital levels and debt levels, that is, build capital and reduce the obligations with the taxpayer (SPS)
It's not just the return to profitability.
Retained Earnings is core capital.
Ackman will keep his mouth shut knowing that there is a 4-box Checklist Template for coverups of the law, as a scrutinity of those making public comments on FnF in formal documents (peddlers of the Government theft story, aiming to tumble the stock prices), plus a box for the coverup of financial concepts, like Dividends, a distribution of Earnings (unavailable funds for distribution, out of a Retained Earnings account with Accumulated Deficit all along. Latest: adjusted for the offset for the gifted SPS, $-216 billion combined)
The odds are that Ackman is just holding a stake in FnF Common Stock on behalf of others.
So, he is another hedge fund manager pursuing stock offerings in FnF, as a scheme of secured deals for many years to come.
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