Called an “embarrassment” by a billionaire. So does this make me the @megynkelly of financial journalism? #pershingsquare $fnma
— John Carney (@carney) August 10, 2015
Pershing Square Capital Management CEO Bill Ackman slammed the Wall Street Journal in a recent conference call.
Ackman says he’s a fan of the paper, but the “Heard on the Street” section is “a disaster,” reports Business Insider. The section has the “most factually inaccurate” and “frankly embarrassing” articles about Fannie Mae and Freddie Mac, Ackman told investors during a call Monday.
“I may put together a binder to help them on basic math,” Ackman said.
In case you forgot, Ackman is a big shareholder in and lover of Fannie and Freddie. Ackman believes the companies have potential, but “Heard on the Street” columnist John Carney has said the businesses are falling short. Fannie and Freddie’s shares are down 40% this year, and no where near Ackman’s expectations for them.