Famed Bear Michael Burry Is Bullish on Fannie and Freddie (1)

Michael Burry, the money manager made famous in The Big Short, says he holds sizable positions in both Fannie Mae and Freddie Mac common stock and believes a re-listing of the US housing-finance giants is “nearly upon us.”

In a 6,000-word blog post on Monday, Burry outlined why he’s now bullish on the government-sponsored enterprises, the political and regulatory hurdles that stand in the way of a public offering, and the steps he says Washington must take before the pair can stage a comeback on Wall Street.

He kept pushing his Fannie and Freddie views on Tuesday, posting ...