Earlier today it was announced that Bill Ackman's firm, Pershing Square Capital Management, is increasing its stake in Fannie Mae and Freddie Mac to over 11% in each from a combined 9.8% in both firms, according to a CNBC report.
The activist investor's move comes after the Senate Banking Committee announced agreement on legislation to wind down the mortgage financiers. Ackman thinks otherwise and that a wind down is less likely now.
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