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.
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As the largest shareholder of Fannie Mae and Freddie Mac through Pershing Square, Bill Ackman has had it UP TO HERE with the government which, in at least this hedge fund manager's mind, is a dangerous criminal that needs to be removed from society. If it happened to get arrested by cop with a reputation for roughing people up well, so be it.

Bill Ackman, founder of $19 billion Pershing Square Capital Management, slammed the US government Tuesday night for keeping all the profits from mortgage guarantors Fannie Mae and Freddie Mac. Ackman called it "the most illegal act of scale" he has ever seen the US government do.

And it's not just investors with stakes in the companies that should be runnin' scared. It's every citizen in the United States of America, who might as well just up and move to communist Russia circa 1922-1952.

Ackman, the largest shareholder of Fannie and Freddie, and other investors are suing the US government for taking property for public use without just compensation. He said: "And there is no way they will not be allowed to stand, from a legal point of view. And the reason for that is if the US government can step in and take 100% of profits of a corporation forever, then we are in a Stalinist state and no private property is safe — and take your money out of every financial institution, put it into gold or Bitcoin and just get the hell out because we're done, maybe the clothes on your back, but other than that nothing is safe."

And that's being optimistic! Lock up your pants, lock up your shirts, lock up your shoes, and lock up those socks.

ACKMAN: The US government is perpetrating 'the most illegal act of scale' with Fannie and Freddie [BI]


Bill Ackman Does Not Act, Bill Ackman Feels Deeply (And Does Not Appreciate The Insinuation Otherwise, THANK YOU VERY MUCH)

As we have discussed at length, when it comes to the art of regulating one's emotions while investing, there are two models to choose from: The Dead Inside paradigm, wherein you remain calm, cool, and collected, maintaining the same expression on your face whether you've lost $1 billion on one trade or made three times that much on another; and The Bill Ackman. The mega-successful Pershing Square founder imbues emotion in everything he does, particularly when it comes to his job. As a man who wears his heart on his sleeve, in the past Ackman has been known to: cry at shareholder meetings; get extremely heated to the point of his face becoming "flushed," his eyes "misty" when meeting with SEC investigators; pen "long, emotional, late-night missives" to top SEC brass; and erupt on directors of companies with such passion that his "furious outburst" could be "heard in an outside hallway." As there are few on Wall Street who exhibit such raw emotion while conducting business, and there is a propensity by some to employ tactics that will put them in the power position when facing foes, perhaps it should not come as too much of a shock that recently, a reporter asked Ackman whether or not the waterworks or displays of indignation are pre-planned, in front of a mirror. For those who've long known Ackman has more integrity in one salty tear than most have in their entire body, his answer will not come as a shock, but to set the record straight, for anyone holding out hope of seeing him do a little regional theater at some point in the future: