Bill Ackman Can't Lose: Was Way Long Wachovia

Bill Ackman’s Pershing Square Capital Management LP bought a 9 per cent stake in Wachovia Corp., Bloomberg says in a report citing “a person with direct knowledge of the purchase.”

Ackman, you’ll recall, was the leading short-seller of Fannie Mae and Freddie Mac. Apparently he went long Wachovia after the Citi deal was announced.



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