Here is Mr Bills way. Ackman Plan For Common Shareholders: Size & Scale: $7.6T in assets World's largest financial institutions (visited Trump already) Top 100 S&P 500 companies post-release Massive global market presence Valuation Targets: Result: $34 or so by 2026-2027 3 to 4x return from current levels Conservative 15x P/E multiple Capital Structure: Treasury warrants (79.9%), (Trump has not disclosed) Clear path to recapitalization Only $5-15B new capital(Trump looking at 30B) Timeline: Fannie IPO: End of 2026 Freddie IPO: End of 2027 Sequential release strategy Market-friendly approach For Junior Preferred Shareholders: 6. Clear Path to Value: Full $25 par value recovery likely Option to convert to common Protected by legal precedent Strong capital position supports claims Regulatory Framework: 2.5% capital requirement (achievable) AA+ rating maintained Government support continues Clear regulatory structure Risk Profile: Lower risk than common More defined outcome Legal claims protected Clear precedent support Market Structure: 9. Global Demand: Worldwide investor base CME Group infrastructure Strong institutional interest Index fund inclusion Government Relationship: 25bp commitment fee Explicit support structure Clear regulatory framework Market-based approach Execution Strategy: 11. Capital Requirements: $168B total needed Already have $147B Only $20-30B more required Achievable through retained earnings IPO Structure: Sequential approach Market-friendly sizing Strong institutional demand Index inclusion catalyst Risk Factors: 13. Political Timeline: Trump administration priority Four-year window Clear execution path Framework established Market Conditions: Strong housing market Low unemployment Favorable rate environment(Trump wants lower rates now) Economic stability Financial Metrics: 15. Current Position: $17B+ annual earnings Strong retained earnings Growing guarantee fees Improving capital position Future Growth: 3% annual growth projected Stable market share Utility-like returns Implementation: 17. Leadership: Professional management Market compensation World-class board Operational focus Regulatory Structure: Clear capital rules Market-based fees Value Creation: 19. Government Benefit: $300B+ value to Treasury(Trump says 500B) Clean exit strategy Political win Economic benefit Market Impact: Global market stability Housing market support Clear investor benefits System stability
Makes me wonder because in the talk about BK the GSE's put there assets into new companies then IPO would fit in with large banks wanting all of it for themselves. I wouldn't put it past them.
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