Michael Burry says bullish on Fannie Mae, Freddie Mac

Money manager Michael Burry says he holds significant positions in Fannie Mae (FNMA) and Freddie Mac (FMCC) common stock and believes a re-listing is “nearly upon us.” Burry became bullish on the shares after President Donald Trump’s election and says regulators must ease capital requirements and scale back the government’s claim on the companies for a public offering to occur. Burry argued in a blog post on Monday that that without the government scaling back its claim, Fannie and Freddie’s common shares are “worthless” and notes “there remains a final steep, windy and rocky climb to IPO for both.”