Bill Ackman Enters Twitter Meltdown Mode After Trump Demands a 10% Credit Card Cap

Bill Ackman after SBF and FTX defrauded hardworking Americans out of $8 billion dollars: “He’s actually a really good guy…”

Bill Ackman after Trump announces he’d like to cap one-year credit card interest rates at 10%: grabs megaphone “ABSOLUTELY NOT.”

For someone who claims he’s a pretty happy guy, Bill Ackman sure seems to wake up every morning looking for someone on Twitter to have some good old fashioned beef with (and not the Wendy’s kind either).

This weekend’s target came as a surprise to exactly no one: Donald Trump… which only makes things funnier if you remember that Ackman has publicly supported him.

After Donnie Politics proposed the idea of a one-year, 10% cap on credit card interest rates, Ackman jumped onto X and did not bother with pleasantries, nuance, or the classic “with all due respect” buffer. He went straight to the point: “This is a mistake President.”

To be clear, Ackman’s concern isn’t about banks losing a few percentage points of profit (or so he says, though he also claims he’s not invested in any credit card companies). It’s about what happens next. 

According to him, credit card rates aren’t actually high because lenders are greedy pigs… they’re high because a chunk of borrowers don’t pay, pay late, or disappear entirely. If lenders can’t price that risk, they don’t suddenly become generous. They just start cutting people off.

Ackman then went on and warned that if this happens.

He believes millions of cards would likely get canceled outright, pushing lower-income and higher-risk consumers out of the regulated credit system. And where would those folks end up? Straight into the arms of payday lenders, pawn shops, and other financial establishments that definitely do not accept Apple Pay (think the Tony Soprano’s of the world).

Trump, meanwhile, is pitching the cap as part of his affordability crusade. Credit card APRs north of 20% look ugly on paper, Americans are carrying over $1.2 trillion in revolving debt, and yelling at banks for “ripping people off” is politically undefeated. That said, the proposal wouldn’t kick in until January 20, 2026, assuming Congress plays along. And that’s where things get messy.

Supporters on both sides of the aisle argue a cap would finally put the brakes on what they see as predatory lending. Critics (including basically every major banking group) argue a hard 10% ceiling doesn’t make credit cheaper, it makes it disappear. Their math says millions of households would lose access entirely, not get a nicer APR.

Now you have to give him some credit (no pun intended). Even after attacking Trump’s new idea, Ackman tried to split the difference. He called Trump’s goal “worthy and important,” then immediately poured ice water on the execution. 

(Source: Business Insider)

His solution favors competition over price controls… open the door for new players and new tech, then let the market grind rates down the boring, effective way. The only issue? He never actually says how that competition shows up.

And as far as clawing back some PR after the Epstein files, Trump is actually doing pretty solid work. First, talking about banning BlackRock from buying up all the single-family houses. Now, going after credit card companies charging insanely high interest rates. 

Whether any of this survives contact with Congress is another story entirely, but from a messaging standpoint, he’s picking villains the internet already hates.

At the time of publishing this article, Stocks.News holds positions in Apple as mentioned in the article.