Hedge-fund billionaire Bill Ackman has voiced his support for a proposal to restructure the capital requirements of government-sponsored enterprises (GSEs), Federal National Mortgage Association (OTC:FNMA), Fannie Mae, and Federal Home Loan Mortgage Corporation (OTC:FMCC), Freddie Mac.
What Happened: In a major policy speech Tuesday, Treasury Secretary Scott Bessent called for sweeping changes to the bank capital framework, arguing that current rules are outdated, overly complex and stifling growth—particularly for community banks.
