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Bill Ackman says Fannie, Freddie IPO is far from ready (update) (FNMA:OTCMKTS)

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Updates at 3:29 p.m. ET: adds Bill Ackman’s comments on what he thinks could be done to accelerate a Fannie, Freddie IPO in the third, fourth and fifth paragraphs.

Billionaire investor Bill Ackman said Tuesday that mortgage titans Fannie Mae (

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