Famed Bear Michael Burry Says He’s Bullish on Fannie and Freddie

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 Monday, Burry outlined why he’s now bullish on the government-sponsored enterprises, the political and regulatory hurdles that still 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.

Burry earned renown for predicting the collapse of the US housing ...