Ackman is not getting screwed.
When the government essentially nationalized Fannie and Freddy, they made it clear that the stock in those companies was worthless.
Ackman bought it, thinking his billions would be enough to lobby the government into zeroing out their share and handing him $600B.
He's not getting screwed if they say, "you bought worthless stock, and it's still worthless, sorry."
Sure he is. He's just doing it to himself.
Ackman is not getting screwed.
When the government essentially nationalized Fannie and Freddy, they made it clear that the stock in those companies was worthless.
Ackman bought it, thinking his billions would be enough to lobby the government into zeroing out their share and handing him $600B.
He's not getting screwed if they say, "you bought worthless stock, and it's still worthless, sorry."