Ackman reiterated that he does not think the court decision addressed the substance of the most important argument that the government took private property and that the government stepped in and took 100% of the profits of Fannie & Freddie unilaterally. He compared it to the government walking in to Apple and taking 100% of the profits. The host quickly stopped him mentioning that the GSEs are in a conservatorship and Ackman responded that it does not mean they can steal.
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