Furthermore, #Ackman stated that “half measures don’t work when there is a #crisis of confidence.”

The $30 billion plan devised by U.S. regulators to avoid a major liquidity crisis in First #Republic #Bank “raised more questions than it answers,” said #Ackman, who manages the hedge fund Pershing Square. 

While appearing to protect the banking sector, additional funding for the #Federal #Deposit #Insurance #Corporation and credit facilitation using #Fed resources ultimately creates a “false sense of confidence,” according to activist billionaire investor #Bill #Ackman.

Bill #Ackman warns US gov’t: Fix #mistake in ‘48 hours’ or face ‘destruction’

In a March 11 tweet, Bill #Ackman, CEO of hedge fund management firm Pershing Square #Capital Management,

Bill #Ackman warns US gov’t: Fix #mistake in ‘48 hours’ or face ‘destruction’

In a March 11 tweet, Bill #Ackman, CEO of hedge fund management firm Pershing Square #Capital Management,

In a March 11 tweet, Bill #Ackman, CEO of hedge fund management firm Pershing Square #Capital Management,

Bill #Ackman says #Bankman-Fried innocent until proven guilty, citing 2002 Spitzer probe

Bill #Ackman says #Bankman-Fried innocent until proven guilty, citing 2002 Spitzer probe