Ackman says taxpayers could reap $300B under his plan for Fannie Mae, Freddie Mac

Billionaire investor Bill Ackman unveiled a plan on Tuesday he says would help the Trump administration meet its goals for Fannie Mae and Freddie Mac, the two giant mortgage companies still under government control since the 2008 financial crisis.Fannie Mae (Federal National Mortgage Association) and Freddie Mac (Federal Home Loan Mortgage Corporation) are government-sponsored enterprises that sit at the heart of the U.S. housing-finance system.Rather than making home loans directly to borrowers, they buy mortgages from banks and lenders, bundle them into securities and guarantee those securit