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Major Fannie Mae, Freddie Mac investor sketches out plan for keeping companies alive

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One of the big investors in the bailed-out government-sponsored mortgage enterprises Fannie Mae and Freddie Mac envisions the companies remaining in business, contrary to the intentions of the president and Congress, who are attempting to shutter them. William Ackman, the head of the hedge fund Pershing Square Capital Management, said in an address and 110-slide presentation at the Ira Sohn...

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