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This Is All Assuming Fannie *Wants* To Be Saved

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I don't think I'm alone here when I say we're all still waiting for Jimmy Cayne's sage counsel on how to save FNM and FRE, but, in the meantime, here are Pershing Square manager Bill Ackman's recommendations. Seemingly missing from the plan is a part for David Blaine, but we assume it was left out in order to preserve the element of surprise.
How to Save Fannie and Freddie [Pershing Square, PDF]


Bill Ackman Is THISCLOSE To Reading The U.S. Government Its Miranda Rights

It's not going to get away with "the most illegal act of scale" on Officer Ackman's watch.