Billionaire investor Bill Ackman, founder and CEO of Pershing Square Capital Management, is advising the Donald Trump administration against rushing initial public offerings (IPOs) for mortgage giants Fannie Mae (OTCQB:FNMA) and Freddie Mac (OTCQB:FMCC).

Ackman’s A Warning Against Rushing IPOs

Instead, Ackman unveiled a three-step reform plan on Fox Business‘ “Mornings with Maria” that he claims would secure “hundreds of billions of dollars in value” for taxpayers.

“Rushing to IPO is a mistake,” Ackman stated, adding, “We think they are worth a lot more.”

He outlined his approach, starting with the Treasury acknowledging past payments, then exercising warrants to take a 79.9% common stock ownership, and finally, relisting both companies on the New York Stock Exchange.

This strategy, ...