◆ Contrarian Corpus
Corpus / Pershing Square → Fannie Mae and Freddie Mac
activist press release follow up
2025-01-16 · 1 pages

Fannie Mae and Freddie Mac FNMA/FMCC

N 1 Narrative
V 1 Visual
C 1 Craft
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Pattern membership

Where this document fits across the library's 12 rhetorical / structural patterns. Orange cells are present in this deck; neutral cells are not.

Villain named CEO-quote contradiction Before / after framing Peer-gap chart Sum of parts Fraud exposé Break-up / spinoff Governance / board Management change Proxy fight Top visual craft Masterclass

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Notes

One-page press release announcing that Pershing Square has posted a Fannie Mae / Freddie Mac presentation on its website (pscmevents.com/FannieFreddiePresentation). The actual slide deck is NOT contained in this PDF — only the announcement text and a media contact (Francis McGill). Thesis content, KPIs, valuation and visuals live at the external URL. Classified as press_release, not full_deck. Part of Ackman's long-running GSE conservatorship-exit campaign (initial thesis dates to 2014), so campaign_phase is follow_up. No named author — signed only by the firm with a PR contact.

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Fannie Mae and Freddie Mac FNMA/FMCC

Fannie and Freddie have already repaid Treasury at an 11.6% IRR; releasing them from conservatorship via modest IPOs unlocks ~$300bn of warrant value for taxpayers within two years.

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