{ "kind": "all", "value": "all", "collectionKey": "slides:all:all:all-document-kinds:all-producers:all-orientations", "filters": { "documentKinds": [], "sourceTypes": [], "orientations": [] }, "total": 319975, "page": 2250, "pageSize": 60, "pageCount": 5333, "rows": [ { "docId": "019dd923-622c-750b-8b9b-8504406ade5c", "docSlug": "73d490b5bd52", "documentTitle": "Fannie Mae & Freddie Mac (FNMA / FMCC)", "authorId": "01_Pershing_Square", "authorName": "William Ackman", "documentKindSlug": "conference-presentation", "documentKindLabel": "Conference presentation", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2014-05-05 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 19, "slideType": "comparison_table", "function": "present_framework", "notes": "The slide uses a hierarchical structure to contrast the risk profiles and purposes of the two business lines.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b9b-8504406ade5c/19", "deckHref": "/decks/019dd923-622c-750b-8b9b-8504406ade5c", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9b-8504406ade5c#slide-19", "loopMatches": [], "arcBeatMatches": [ { "to": 32, "from": 17, "beatId": "d31ccdb7-ced4-47ee-a582-1f949ce2822c", "arcName": "The Consultant's Gambit", "arcSlug": "consultants-gambit", "beatName": "Solution & Approach", "beatSlug": "consultants-gambit-solution-approach", "evidence": "The presentation proposes a solution to reform the GSEs, including increasing capital requirements and winding down their Fixed-Income Arbitrage business", "position": 2, "confidence": 0.8, "parentBeatName": "Turn", "parentBeatSlug": "turn" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b9b-8504406ade5c", "docSlug": "73d490b5bd52", "documentTitle": "Fannie Mae & Freddie Mac (FNMA / FMCC)", "authorId": "01_Pershing_Square", "authorName": "William Ackman", "documentKindSlug": "conference-presentation", "documentKindLabel": "Conference presentation", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2014-05-05 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 20, "slideType": "section_divider", "function": "transition", "notes": null, "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b9b-8504406ade5c/20", "deckHref": "/decks/019dd923-622c-750b-8b9b-8504406ade5c", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9b-8504406ade5c#slide-20", "loopMatches": [], "arcBeatMatches": [ { "to": 32, "from": 17, "beatId": "d31ccdb7-ced4-47ee-a582-1f949ce2822c", "arcName": "The Consultant's Gambit", "arcSlug": "consultants-gambit", "beatName": "Solution & Approach", "beatSlug": "consultants-gambit-solution-approach", "evidence": "The presentation proposes a solution to reform the GSEs, including increasing capital requirements and winding down their Fixed-Income Arbitrage business", "position": 2, "confidence": 0.8, "parentBeatName": "Turn", "parentBeatSlug": "turn" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b9b-8504406ade5c", "docSlug": "73d490b5bd52", "documentTitle": "Fannie Mae & Freddie Mac (FNMA / FMCC)", "authorId": "01_Pershing_Square", "authorName": "William Ackman", "documentKindSlug": "conference-presentation", "documentKindLabel": "Conference presentation", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2014-05-05 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 21, "slideType": "key_messages", "function": "summarize", "notes": null, "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b9b-8504406ade5c/21", "deckHref": "/decks/019dd923-622c-750b-8b9b-8504406ade5c", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9b-8504406ade5c#slide-21", "loopMatches": [], "arcBeatMatches": [ { "to": 32, "from": 17, "beatId": "d31ccdb7-ced4-47ee-a582-1f949ce2822c", "arcName": "The Consultant's Gambit", "arcSlug": "consultants-gambit", "beatName": "Solution & Approach", "beatSlug": "consultants-gambit-solution-approach", "evidence": "The presentation proposes a solution to reform the GSEs, including increasing capital requirements and winding down their Fixed-Income Arbitrage business", "position": 2, "confidence": 0.8, "parentBeatName": "Turn", "parentBeatSlug": "turn" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b9b-8504406ade5c", "docSlug": "73d490b5bd52", "documentTitle": "Fannie Mae & Freddie Mac (FNMA / FMCC)", "authorId": "01_Pershing_Square", "authorName": "William Ackman", "documentKindSlug": "conference-presentation", "documentKindLabel": "Conference presentation", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2014-05-05 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 22, "slideType": "key_messages", "function": "summarize", "notes": null, "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b9b-8504406ade5c/22", "deckHref": "/decks/019dd923-622c-750b-8b9b-8504406ade5c", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9b-8504406ade5c#slide-22", "loopMatches": [], "arcBeatMatches": [ { "to": 32, "from": 17, "beatId": "d31ccdb7-ced4-47ee-a582-1f949ce2822c", "arcName": "The Consultant's Gambit", "arcSlug": "consultants-gambit", "beatName": "Solution & Approach", "beatSlug": "consultants-gambit-solution-approach", "evidence": "The presentation proposes a solution to reform the GSEs, including increasing capital requirements and winding down their Fixed-Income Arbitrage business", "position": 2, "confidence": 0.8, "parentBeatName": "Turn", "parentBeatSlug": "turn" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b9b-8504406ade5c", "docSlug": "73d490b5bd52", "documentTitle": "Fannie Mae & Freddie Mac (FNMA / FMCC)", "authorId": "01_Pershing_Square", "authorName": "William Ackman", "documentKindSlug": "conference-presentation", "documentKindLabel": "Conference presentation", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2014-05-05 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 23, "slideType": "key_messages", "function": "summarize", "notes": null, "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b9b-8504406ade5c/23", "deckHref": "/decks/019dd923-622c-750b-8b9b-8504406ade5c", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9b-8504406ade5c#slide-23", "loopMatches": [], "arcBeatMatches": [ { "to": 32, "from": 17, "beatId": "d31ccdb7-ced4-47ee-a582-1f949ce2822c", "arcName": "The Consultant's Gambit", "arcSlug": "consultants-gambit", "beatName": "Solution & Approach", "beatSlug": "consultants-gambit-solution-approach", "evidence": "The presentation proposes a solution to reform the GSEs, including increasing capital requirements and winding down their Fixed-Income Arbitrage business", "position": 2, "confidence": 0.8, "parentBeatName": "Turn", "parentBeatSlug": "turn" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b9b-8504406ade5c", "docSlug": "73d490b5bd52", "documentTitle": "Fannie Mae & Freddie Mac (FNMA / FMCC)", "authorId": "01_Pershing_Square", "authorName": "William Ackman", "documentKindSlug": "conference-presentation", "documentKindLabel": "Conference presentation", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2014-05-05 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 24, "slideType": "before_after", "function": "present_framework", "notes": "Uses a stacked bar chart to illustrate capital stack seniority.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b9b-8504406ade5c/24", "deckHref": "/decks/019dd923-622c-750b-8b9b-8504406ade5c", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9b-8504406ade5c#slide-24", "loopMatches": [ { "to": 30, "from": 24, "name": "Before After", "slug": "21-before-after", "bestFor": "Product demos, process improvements, ROI justification", "matchId": "2a47cc35-05f2-462e-8039-5da7c39e77e1", "evidence": "The presentation uses before-and-after comparisons to show the benefits of the GSEs' credit guarantee", "position": 1, "objective": "Illustrate the benefits of the GSEs' credit guarantee", "structure": "The Old Way (Pain) -> The Moment of Change -> The New Way (Glory) -> The Measurable Delta", "confidence": 0.7, "description": "Show the dramatic contrast between the old way and the new way through side-by-side comparison" } ], "arcBeatMatches": [ { "to": 32, "from": 17, "beatId": "d31ccdb7-ced4-47ee-a582-1f949ce2822c", "arcName": "The Consultant's Gambit", "arcSlug": "consultants-gambit", "beatName": "Solution & Approach", "beatSlug": "consultants-gambit-solution-approach", "evidence": "The presentation proposes a solution to reform the GSEs, including increasing capital requirements and winding down their Fixed-Income Arbitrage business", "position": 2, "confidence": 0.8, "parentBeatName": "Turn", "parentBeatSlug": "turn" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b9b-8504406ade5c", "docSlug": "73d490b5bd52", "documentTitle": "Fannie Mae & Freddie Mac (FNMA / FMCC)", "authorId": "01_Pershing_Square", "authorName": "William Ackman", "documentKindSlug": "conference-presentation", "documentKindLabel": "Conference presentation", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2014-05-05 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 25, "slideType": "key_messages", "function": "present_framework", "notes": "The slide uses a causal chain to explain why guarantees issued during downturns are lower risk.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b9b-8504406ade5c/25", "deckHref": "/decks/019dd923-622c-750b-8b9b-8504406ade5c", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9b-8504406ade5c#slide-25", "loopMatches": [ { "to": 30, "from": 24, "name": "Before After", "slug": "21-before-after", "bestFor": "Product demos, process improvements, ROI justification", "matchId": "2a47cc35-05f2-462e-8039-5da7c39e77e1", "evidence": "The presentation uses before-and-after comparisons to show the benefits of the GSEs' credit guarantee", "position": 1, "objective": "Illustrate the benefits of the GSEs' credit guarantee", "structure": "The Old Way (Pain) -> The Moment of Change -> The New Way (Glory) -> The Measurable Delta", "confidence": 0.7, "description": "Show the dramatic contrast between the old way and the new way through side-by-side comparison" } ], "arcBeatMatches": [ { "to": 32, "from": 17, "beatId": "d31ccdb7-ced4-47ee-a582-1f949ce2822c", "arcName": "The Consultant's Gambit", "arcSlug": "consultants-gambit", "beatName": "Solution & Approach", "beatSlug": "consultants-gambit-solution-approach", "evidence": "The presentation proposes a solution to reform the GSEs, including increasing capital requirements and winding down their Fixed-Income Arbitrage business", "position": 2, "confidence": 0.8, "parentBeatName": "Turn", "parentBeatSlug": "turn" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b9b-8504406ade5c", "docSlug": "73d490b5bd52", "documentTitle": "Fannie Mae & Freddie Mac (FNMA / FMCC)", "authorId": "01_Pershing_Square", "authorName": "William Ackman", "documentKindSlug": "conference-presentation", "documentKindLabel": "Conference presentation", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2014-05-05 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 26, "slideType": "kpi_overview", "function": "analyze_data", "notes": "The chart uses a grouped bar format to compare two entities over time.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b9b-8504406ade5c/26", "deckHref": "/decks/019dd923-622c-750b-8b9b-8504406ade5c", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9b-8504406ade5c#slide-26", "loopMatches": [ { "to": 30, "from": 24, "name": "Before After", "slug": "21-before-after", "bestFor": "Product demos, process improvements, ROI justification", "matchId": "2a47cc35-05f2-462e-8039-5da7c39e77e1", "evidence": "The presentation uses before-and-after comparisons to show the benefits of the GSEs' credit guarantee", "position": 1, "objective": "Illustrate the benefits of the GSEs' credit guarantee", "structure": "The Old Way (Pain) -> The Moment of Change -> The New Way (Glory) -> The Measurable Delta", "confidence": 0.7, "description": "Show the dramatic contrast between the old way and the new way through side-by-side comparison" } ], "arcBeatMatches": [ { "to": 32, "from": 17, "beatId": "d31ccdb7-ced4-47ee-a582-1f949ce2822c", "arcName": "The Consultant's Gambit", "arcSlug": "consultants-gambit", "beatName": "Solution & Approach", "beatSlug": "consultants-gambit-solution-approach", "evidence": "The presentation proposes a solution to reform the GSEs, including increasing capital requirements and winding down their Fixed-Income Arbitrage business", "position": 2, "confidence": 0.8, "parentBeatName": "Turn", "parentBeatSlug": "turn" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b9b-8504406ade5c", "docSlug": "73d490b5bd52", "documentTitle": "Fannie Mae & Freddie Mac (FNMA / FMCC)", "authorId": "01_Pershing_Square", "authorName": "William Ackman", "documentKindSlug": "conference-presentation", "documentKindLabel": "Conference presentation", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2014-05-05 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 27, "slideType": "before_after", "function": "analyze_data", "notes": null, "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b9b-8504406ade5c/27", "deckHref": "/decks/019dd923-622c-750b-8b9b-8504406ade5c", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9b-8504406ade5c#slide-27", "loopMatches": [ { "to": 30, "from": 24, "name": "Before After", "slug": "21-before-after", "bestFor": "Product demos, process improvements, ROI justification", "matchId": "2a47cc35-05f2-462e-8039-5da7c39e77e1", "evidence": "The presentation uses before-and-after comparisons to show the benefits of the GSEs' credit guarantee", "position": 1, "objective": "Illustrate the benefits of the GSEs' credit guarantee", "structure": "The Old Way (Pain) -> The Moment of Change -> The New Way (Glory) -> The Measurable Delta", "confidence": 0.7, "description": "Show the dramatic contrast between the old way and the new way through side-by-side comparison" } ], "arcBeatMatches": [ { "to": 32, "from": 17, "beatId": "d31ccdb7-ced4-47ee-a582-1f949ce2822c", "arcName": "The Consultant's Gambit", "arcSlug": "consultants-gambit", "beatName": "Solution & Approach", "beatSlug": "consultants-gambit-solution-approach", "evidence": "The presentation proposes a solution to reform the GSEs, including increasing capital requirements and winding down their Fixed-Income Arbitrage business", "position": 2, "confidence": 0.8, "parentBeatName": "Turn", "parentBeatSlug": "turn" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b9b-8504406ade5c", "docSlug": "73d490b5bd52", "documentTitle": "Fannie Mae & Freddie Mac (FNMA / FMCC)", "authorId": "01_Pershing_Square", "authorName": "William Ackman", "documentKindSlug": "conference-presentation", "documentKindLabel": "Conference presentation", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2014-05-05 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 28, "slideType": "before_after", "function": "diagnose_problem", "notes": "The chart uses a broken y-axis (indicated by the tilde symbols) to accommodate the extreme negative values in 2008.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b9b-8504406ade5c/28", "deckHref": "/decks/019dd923-622c-750b-8b9b-8504406ade5c", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9b-8504406ade5c#slide-28", "loopMatches": [ { "to": 30, "from": 24, "name": "Before After", "slug": "21-before-after", "bestFor": "Product demos, process improvements, ROI justification", "matchId": "2a47cc35-05f2-462e-8039-5da7c39e77e1", "evidence": "The presentation uses before-and-after comparisons to show the benefits of the GSEs' credit guarantee", "position": 1, "objective": "Illustrate the benefits of the GSEs' credit guarantee", "structure": "The Old Way (Pain) -> The Moment of Change -> The New Way (Glory) -> The Measurable Delta", "confidence": 0.7, "description": "Show the dramatic contrast between the old way and the new way through side-by-side comparison" } ], "arcBeatMatches": [ { "to": 32, "from": 17, "beatId": "d31ccdb7-ced4-47ee-a582-1f949ce2822c", "arcName": "The Consultant's Gambit", "arcSlug": "consultants-gambit", "beatName": "Solution & Approach", "beatSlug": "consultants-gambit-solution-approach", "evidence": "The presentation proposes a solution to reform the GSEs, including increasing capital requirements and winding down their Fixed-Income Arbitrage business", "position": 2, "confidence": 0.8, "parentBeatName": "Turn", "parentBeatSlug": "turn" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b9b-8504406ade5c", "docSlug": "73d490b5bd52", "documentTitle": "Fannie Mae & Freddie Mac (FNMA / FMCC)", "authorId": "01_Pershing_Square", "authorName": "William Ackman", "documentKindSlug": "conference-presentation", "documentKindLabel": "Conference presentation", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2014-05-05 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 29, "slideType": "before_after", "function": "diagnose_problem", "notes": "The chart uses a split-view to contrast massive losses against a small capital requirement.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b9b-8504406ade5c/29", "deckHref": "/decks/019dd923-622c-750b-8b9b-8504406ade5c", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9b-8504406ade5c#slide-29", "loopMatches": [ { "to": 30, "from": 24, "name": "Before After", "slug": "21-before-after", "bestFor": "Product demos, process improvements, ROI justification", "matchId": "2a47cc35-05f2-462e-8039-5da7c39e77e1", "evidence": "The presentation uses before-and-after comparisons to show the benefits of the GSEs' credit guarantee", "position": 1, "objective": "Illustrate the benefits of the GSEs' credit guarantee", "structure": "The Old Way (Pain) -> The Moment of Change -> The New Way (Glory) -> The Measurable Delta", "confidence": 0.7, "description": "Show the dramatic contrast between the old way and the new way through side-by-side comparison" } ], "arcBeatMatches": [ { "to": 32, "from": 17, "beatId": "d31ccdb7-ced4-47ee-a582-1f949ce2822c", "arcName": "The Consultant's Gambit", "arcSlug": "consultants-gambit", "beatName": "Solution & Approach", "beatSlug": "consultants-gambit-solution-approach", "evidence": "The presentation proposes a solution to reform the GSEs, including increasing capital requirements and winding down their Fixed-Income Arbitrage business", "position": 2, "confidence": 0.8, "parentBeatName": "Turn", "parentBeatSlug": "turn" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b9b-8504406ade5c", "docSlug": "73d490b5bd52", "documentTitle": "Fannie Mae & Freddie Mac (FNMA / FMCC)", "authorId": "01_Pershing_Square", "authorName": "William Ackman", "documentKindSlug": "conference-presentation", "documentKindLabel": "Conference presentation", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2014-05-05 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 30, "slideType": "expose_contradiction", "function": "expose_contradiction", "notes": "The slide uses a grouped bar chart to show the discrepancy between accounting provisions and actual realized losses, culminating in a cumulative comparison.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b9b-8504406ade5c/30", "deckHref": "/decks/019dd923-622c-750b-8b9b-8504406ade5c", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9b-8504406ade5c#slide-30", "loopMatches": [ { "to": 30, "from": 24, "name": "Before After", "slug": "21-before-after", "bestFor": "Product demos, process improvements, ROI justification", "matchId": "2a47cc35-05f2-462e-8039-5da7c39e77e1", "evidence": "The presentation uses before-and-after comparisons to show the benefits of the GSEs' credit guarantee", "position": 1, "objective": "Illustrate the benefits of the GSEs' credit guarantee", "structure": "The Old Way (Pain) -> The Moment of Change -> The New Way (Glory) -> The Measurable Delta", "confidence": 0.7, "description": "Show the dramatic contrast between the old way and the new way through side-by-side comparison" } ], "arcBeatMatches": [ { "to": 32, "from": 17, "beatId": "d31ccdb7-ced4-47ee-a582-1f949ce2822c", "arcName": "The Consultant's Gambit", "arcSlug": "consultants-gambit", "beatName": "Solution & Approach", "beatSlug": "consultants-gambit-solution-approach", "evidence": "The presentation proposes a solution to reform the GSEs, including increasing capital requirements and winding down their Fixed-Income Arbitrage business", "position": 2, "confidence": 0.8, "parentBeatName": "Turn", "parentBeatSlug": "turn" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b9b-8504406ade5c", "docSlug": "73d490b5bd52", "documentTitle": "Fannie Mae & Freddie Mac (FNMA / FMCC)", "authorId": "01_Pershing_Square", "authorName": "William Ackman", "documentKindSlug": "conference-presentation", "documentKindLabel": "Conference presentation", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2014-05-05 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 31, "slideType": "before_after", "function": "analyze_data", "notes": "The slide uses a before-after framing to contrast accounting-based losses with actual credit performance.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b9b-8504406ade5c/31", "deckHref": "/decks/019dd923-622c-750b-8b9b-8504406ade5c", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9b-8504406ade5c#slide-31", "loopMatches": [], "arcBeatMatches": [ { "to": 32, "from": 17, "beatId": "d31ccdb7-ced4-47ee-a582-1f949ce2822c", "arcName": "The Consultant's Gambit", "arcSlug": "consultants-gambit", "beatName": "Solution & Approach", "beatSlug": "consultants-gambit-solution-approach", "evidence": "The presentation proposes a solution to reform the GSEs, including increasing capital requirements and winding down their Fixed-Income Arbitrage business", "position": 2, "confidence": 0.8, "parentBeatName": "Turn", "parentBeatSlug": "turn" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b9b-8504406ade5c", "docSlug": "73d490b5bd52", "documentTitle": "Fannie Mae & Freddie Mac (FNMA / FMCC)", "authorId": "01_Pershing_Square", "authorName": "William Ackman", "documentKindSlug": "conference-presentation", "documentKindLabel": "Conference presentation", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2014-05-05 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 32, "slideType": "problem_statement", "function": "diagnose_problem", "notes": "The slide uses a comparison of portfolio share vs. loss share to highlight the high risk of specific loan types.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b9b-8504406ade5c/32", "deckHref": "/decks/019dd923-622c-750b-8b9b-8504406ade5c", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9b-8504406ade5c#slide-32", "loopMatches": [ { "to": 111, "from": 32, "name": "Cost Of Inaction", "slug": "27-cost-of-inaction", "bestFor": "Urgent budget requests, compliance, risk mitigation", "matchId": "198631e9-e687-442b-9dcb-9984e64d4f5c", "evidence": "The presentation emphasizes the potential costs to society of failing to reform the GSEs", "position": 0, "objective": "Highlight the risks of not reforming the GSEs", "structure": "The Status Quo -> The Hidden Costs Accumulating -> The Future State of Inaction -> The Tipping Point", "confidence": 0.8, "description": "Quantify what happens if the audience does nothing" } ], "arcBeatMatches": [ { "to": 32, "from": 17, "beatId": "d31ccdb7-ced4-47ee-a582-1f949ce2822c", "arcName": "The Consultant's Gambit", "arcSlug": "consultants-gambit", "beatName": "Solution & Approach", "beatSlug": "consultants-gambit-solution-approach", "evidence": "The presentation proposes a solution to reform the GSEs, including increasing capital requirements and winding down their Fixed-Income Arbitrage business", "position": 2, "confidence": 0.8, "parentBeatName": "Turn", "parentBeatSlug": "turn" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b9b-8504406ade5c", "docSlug": "73d490b5bd52", "documentTitle": "Fannie Mae & Freddie Mac (FNMA / FMCC)", "authorId": "01_Pershing_Square", "authorName": "William Ackman", "documentKindSlug": "conference-presentation", "documentKindLabel": "Conference presentation", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2014-05-05 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 33, "slideType": "key_takeaways", "function": "analyze_data", "notes": "The slide uses a visual comparison between a negative bar representing losses and a positive bar representing capital requirements to argue for the adequacy of capital buffers.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b9b-8504406ade5c/33", "deckHref": "/decks/019dd923-622c-750b-8b9b-8504406ade5c", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9b-8504406ade5c#slide-33", "loopMatches": [ { "to": 111, "from": 32, "name": "Cost Of Inaction", "slug": "27-cost-of-inaction", "bestFor": "Urgent budget requests, compliance, risk mitigation", "matchId": "198631e9-e687-442b-9dcb-9984e64d4f5c", "evidence": "The presentation emphasizes the potential costs to society of failing to reform the GSEs", "position": 0, "objective": "Highlight the risks of not reforming the GSEs", "structure": "The Status Quo -> The Hidden Costs Accumulating -> The Future State of Inaction -> The Tipping Point", "confidence": 0.8, "description": "Quantify what happens if the audience does nothing" } ], "arcBeatMatches": [ { "to": 52, "from": 33, "beatId": "3ed0ec52-f4e3-42be-a59d-05fefefe0753", "arcName": "The Consultant's Gambit", "arcSlug": "consultants-gambit", "beatName": "Evidence & Proof", "beatSlug": "consultants-gambit-evidence-proof", "evidence": "The presentation provides evidence and data to support the proposed solution", "position": 3, "confidence": 0.8, "parentBeatName": "Evidence", "parentBeatSlug": "evidence" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b9b-8504406ade5c", "docSlug": "73d490b5bd52", "documentTitle": "Fannie Mae & Freddie Mac (FNMA / FMCC)", "authorId": "01_Pershing_Square", "authorName": "William Ackman", "documentKindSlug": "conference-presentation", "documentKindLabel": "Conference presentation", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2014-05-05 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 34, "slideType": "kpi_overview", "function": "analyze_data", "notes": "The chart uses a stacked bar format to show the contribution of each entity to the total quarterly profit.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b9b-8504406ade5c/34", "deckHref": "/decks/019dd923-622c-750b-8b9b-8504406ade5c", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9b-8504406ade5c#slide-34", "loopMatches": [ { "to": 111, "from": 32, "name": "Cost Of Inaction", "slug": "27-cost-of-inaction", "bestFor": "Urgent budget requests, compliance, risk mitigation", "matchId": "198631e9-e687-442b-9dcb-9984e64d4f5c", "evidence": "The presentation emphasizes the potential costs to society of failing to reform the GSEs", "position": 0, "objective": "Highlight the risks of not reforming the GSEs", "structure": "The Status Quo -> The Hidden Costs Accumulating -> The Future State of Inaction -> The Tipping Point", "confidence": 0.8, "description": "Quantify what happens if the audience does nothing" } ], "arcBeatMatches": [ { "to": 52, "from": 33, "beatId": "3ed0ec52-f4e3-42be-a59d-05fefefe0753", "arcName": "The Consultant's Gambit", "arcSlug": "consultants-gambit", "beatName": "Evidence & Proof", "beatSlug": "consultants-gambit-evidence-proof", "evidence": "The presentation provides evidence and data to support the proposed solution", "position": 3, "confidence": 0.8, "parentBeatName": "Evidence", "parentBeatSlug": "evidence" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b9b-8504406ade5c", "docSlug": "73d490b5bd52", "documentTitle": "Fannie Mae & Freddie Mac (FNMA / FMCC)", "authorId": "01_Pershing_Square", "authorName": "William Ackman", "documentKindSlug": "conference-presentation", "documentKindLabel": "Conference presentation", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2014-05-05 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 35, "slideType": "kpi_overview", "function": "analyze_data", "notes": "The slide highlights the regulatory mandate by FHFA to increase G-fees to encourage private sector competition.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b9b-8504406ade5c/35", "deckHref": "/decks/019dd923-622c-750b-8b9b-8504406ade5c", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9b-8504406ade5c#slide-35", "loopMatches": [ { "to": 111, "from": 32, "name": "Cost Of Inaction", "slug": "27-cost-of-inaction", "bestFor": "Urgent budget requests, compliance, risk mitigation", "matchId": "198631e9-e687-442b-9dcb-9984e64d4f5c", "evidence": "The presentation emphasizes the potential costs to society of failing to reform the GSEs", "position": 0, "objective": "Highlight the risks of not reforming the GSEs", "structure": "The Status Quo -> The Hidden Costs Accumulating -> The Future State of Inaction -> The Tipping Point", "confidence": 0.8, "description": "Quantify what happens if the audience does nothing" } ], "arcBeatMatches": [ { "to": 52, "from": 33, "beatId": "3ed0ec52-f4e3-42be-a59d-05fefefe0753", "arcName": "The Consultant's Gambit", "arcSlug": "consultants-gambit", "beatName": "Evidence & Proof", "beatSlug": "consultants-gambit-evidence-proof", "evidence": "The presentation provides evidence and data to support the proposed solution", "position": 3, "confidence": 0.8, "parentBeatName": "Evidence", "parentBeatSlug": "evidence" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b9b-8504406ade5c", "docSlug": "73d490b5bd52", "documentTitle": "Fannie Mae & Freddie Mac (FNMA / FMCC)", "authorId": "01_Pershing_Square", "authorName": "William Ackman", "documentKindSlug": "conference-presentation", "documentKindLabel": "Conference presentation", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2014-05-05 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 36, "slideType": "key_takeaways", "function": "summarize", "notes": null, "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b9b-8504406ade5c/36", "deckHref": "/decks/019dd923-622c-750b-8b9b-8504406ade5c", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9b-8504406ade5c#slide-36", "loopMatches": [ { "to": 111, "from": 32, "name": "Cost Of Inaction", "slug": "27-cost-of-inaction", "bestFor": "Urgent budget requests, compliance, risk mitigation", "matchId": "198631e9-e687-442b-9dcb-9984e64d4f5c", "evidence": "The presentation emphasizes the potential costs to society of failing to reform the GSEs", "position": 0, "objective": "Highlight the risks of not reforming the GSEs", "structure": "The Status Quo -> The Hidden Costs Accumulating -> The Future State of Inaction -> The Tipping Point", "confidence": 0.8, "description": "Quantify what happens if the audience does nothing" } ], "arcBeatMatches": [ { "to": 52, "from": 33, "beatId": "3ed0ec52-f4e3-42be-a59d-05fefefe0753", "arcName": "The Consultant's Gambit", "arcSlug": "consultants-gambit", "beatName": "Evidence & Proof", "beatSlug": "consultants-gambit-evidence-proof", "evidence": "The presentation provides evidence and data to support the proposed solution", "position": 3, "confidence": 0.8, "parentBeatName": "Evidence", "parentBeatSlug": "evidence" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b9b-8504406ade5c", "docSlug": "73d490b5bd52", "documentTitle": "Fannie Mae & Freddie Mac (FNMA / FMCC)", "authorId": "01_Pershing_Square", "authorName": "William Ackman", "documentKindSlug": "conference-presentation", "documentKindLabel": "Conference presentation", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2014-05-05 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 37, "slideType": "kpi_overview", "function": "analyze_data", "notes": "The slide highlights the impact of reserve releases on GSE profitability.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b9b-8504406ade5c/37", "deckHref": "/decks/019dd923-622c-750b-8b9b-8504406ade5c", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9b-8504406ade5c#slide-37", "loopMatches": [ { "to": 111, "from": 32, "name": "Cost Of Inaction", "slug": "27-cost-of-inaction", "bestFor": "Urgent budget requests, compliance, risk mitigation", "matchId": "198631e9-e687-442b-9dcb-9984e64d4f5c", "evidence": "The presentation emphasizes the potential costs to society of failing to reform the GSEs", "position": 0, "objective": "Highlight the risks of not reforming the GSEs", "structure": "The Status Quo -> The Hidden Costs Accumulating -> The Future State of Inaction -> The Tipping Point", "confidence": 0.8, "description": "Quantify what happens if the audience does nothing" } ], "arcBeatMatches": [ { "to": 52, "from": 33, "beatId": "3ed0ec52-f4e3-42be-a59d-05fefefe0753", "arcName": "The Consultant's Gambit", "arcSlug": "consultants-gambit", "beatName": "Evidence & Proof", "beatSlug": "consultants-gambit-evidence-proof", "evidence": "The presentation provides evidence and data to support the proposed solution", "position": 3, "confidence": 0.8, "parentBeatName": "Evidence", "parentBeatSlug": "evidence" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b9b-8504406ade5c", "docSlug": "73d490b5bd52", "documentTitle": "Fannie Mae & Freddie Mac (FNMA / FMCC)", "authorId": "01_Pershing_Square", "authorName": "William Ackman", "documentKindSlug": "conference-presentation", "documentKindLabel": "Conference presentation", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2014-05-05 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 38, "slideType": "section_divider", "function": "transition", "notes": null, "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b9b-8504406ade5c/38", "deckHref": "/decks/019dd923-622c-750b-8b9b-8504406ade5c", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9b-8504406ade5c#slide-38", "loopMatches": [ { "to": 111, "from": 32, "name": "Cost Of Inaction", "slug": "27-cost-of-inaction", "bestFor": "Urgent budget requests, compliance, risk mitigation", "matchId": "198631e9-e687-442b-9dcb-9984e64d4f5c", "evidence": "The presentation emphasizes the potential costs to society of failing to reform the GSEs", "position": 0, "objective": "Highlight the risks of not reforming the GSEs", "structure": "The Status Quo -> The Hidden Costs Accumulating -> The Future State of Inaction -> The Tipping Point", "confidence": 0.8, "description": "Quantify what happens if the audience does nothing" } ], "arcBeatMatches": [ { "to": 52, "from": 33, "beatId": "3ed0ec52-f4e3-42be-a59d-05fefefe0753", "arcName": "The Consultant's Gambit", "arcSlug": "consultants-gambit", "beatName": "Evidence & Proof", "beatSlug": "consultants-gambit-evidence-proof", "evidence": "The presentation provides evidence and data to support the proposed solution", "position": 3, "confidence": 0.8, "parentBeatName": "Evidence", "parentBeatSlug": "evidence" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b9b-8504406ade5c", "docSlug": "73d490b5bd52", "documentTitle": "Fannie Mae & Freddie Mac (FNMA / FMCC)", "authorId": "01_Pershing_Square", "authorName": "William Ackman", "documentKindSlug": "conference-presentation", "documentKindLabel": "Conference presentation", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2014-05-05 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 39, "slideType": "other", "function": "analyze_data", "notes": "The slide uses a simplified balance sheet representation to show how high leverage (40x) generates ROE from a small net interest spread.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b9b-8504406ade5c/39", "deckHref": "/decks/019dd923-622c-750b-8b9b-8504406ade5c", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9b-8504406ade5c#slide-39", "loopMatches": [ { "to": 111, "from": 32, "name": "Cost Of Inaction", "slug": "27-cost-of-inaction", "bestFor": "Urgent budget requests, compliance, risk mitigation", "matchId": "198631e9-e687-442b-9dcb-9984e64d4f5c", "evidence": "The presentation emphasizes the potential costs to society of failing to reform the GSEs", "position": 0, "objective": "Highlight the risks of not reforming the GSEs", "structure": "The Status Quo -> The Hidden Costs Accumulating -> The Future State of Inaction -> The Tipping Point", "confidence": 0.8, "description": "Quantify what happens if the audience does nothing" } ], "arcBeatMatches": [ { "to": 52, "from": 33, "beatId": "3ed0ec52-f4e3-42be-a59d-05fefefe0753", "arcName": "The Consultant's Gambit", "arcSlug": "consultants-gambit", "beatName": "Evidence & Proof", "beatSlug": "consultants-gambit-evidence-proof", "evidence": "The presentation provides evidence and data to support the proposed solution", "position": 3, "confidence": 0.8, "parentBeatName": "Evidence", "parentBeatSlug": "evidence" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b9b-8504406ade5c", "docSlug": "73d490b5bd52", "documentTitle": "Fannie Mae & Freddie Mac (FNMA / FMCC)", "authorId": "01_Pershing_Square", "authorName": "William Ackman", "documentKindSlug": "conference-presentation", "documentKindLabel": "Conference presentation", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2014-05-05 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 40, "slideType": "quote_slide", "function": "cite_precedent", "notes": "The slide uses a direct quote to establish authority and frame the problem with the GSEs.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b9b-8504406ade5c/40", "deckHref": "/decks/019dd923-622c-750b-8b9b-8504406ade5c", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9b-8504406ade5c#slide-40", "loopMatches": [ { "to": 111, "from": 32, "name": "Cost Of Inaction", "slug": "27-cost-of-inaction", "bestFor": "Urgent budget requests, compliance, risk mitigation", "matchId": "198631e9-e687-442b-9dcb-9984e64d4f5c", "evidence": "The presentation emphasizes the potential costs to society of failing to reform the GSEs", "position": 0, "objective": "Highlight the risks of not reforming the GSEs", "structure": "The Status Quo -> The Hidden Costs Accumulating -> The Future State of Inaction -> The Tipping Point", "confidence": 0.8, "description": "Quantify what happens if the audience does nothing" } ], "arcBeatMatches": [ { "to": 52, "from": 33, "beatId": "3ed0ec52-f4e3-42be-a59d-05fefefe0753", "arcName": "The Consultant's Gambit", "arcSlug": "consultants-gambit", "beatName": "Evidence & Proof", "beatSlug": "consultants-gambit-evidence-proof", "evidence": "The presentation provides evidence and data to support the proposed solution", "position": 3, "confidence": 0.8, "parentBeatName": "Evidence", "parentBeatSlug": "evidence" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b9b-8504406ade5c", "docSlug": "73d490b5bd52", "documentTitle": "Fannie Mae & Freddie Mac (FNMA / FMCC)", "authorId": "01_Pershing_Square", "authorName": "William Ackman", "documentKindSlug": "conference-presentation", "documentKindLabel": "Conference presentation", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2014-05-05 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 41, "slideType": "before_after", "function": "analyze_data", "notes": "The chart highlights a significant growth trend leading up to the financial crisis, with a red arrow emphasizing the upward trajectory.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b9b-8504406ade5c/41", "deckHref": "/decks/019dd923-622c-750b-8b9b-8504406ade5c", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9b-8504406ade5c#slide-41", "loopMatches": [ { "to": 111, "from": 32, "name": "Cost Of Inaction", "slug": "27-cost-of-inaction", "bestFor": "Urgent budget requests, compliance, risk mitigation", "matchId": "198631e9-e687-442b-9dcb-9984e64d4f5c", "evidence": "The presentation emphasizes the potential costs to society of failing to reform the GSEs", "position": 0, "objective": "Highlight the risks of not reforming the GSEs", "structure": "The Status Quo -> The Hidden Costs Accumulating -> The Future State of Inaction -> The Tipping Point", "confidence": 0.8, "description": "Quantify what happens if the audience does nothing" } ], "arcBeatMatches": [ { "to": 52, "from": 33, "beatId": "3ed0ec52-f4e3-42be-a59d-05fefefe0753", "arcName": "The Consultant's Gambit", "arcSlug": "consultants-gambit", "beatName": "Evidence & Proof", "beatSlug": "consultants-gambit-evidence-proof", "evidence": "The presentation provides evidence and data to support the proposed solution", "position": 3, "confidence": 0.8, "parentBeatName": "Evidence", "parentBeatSlug": "evidence" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b9b-8504406ade5c", "docSlug": "73d490b5bd52", "documentTitle": "Fannie Mae & Freddie Mac (FNMA / FMCC)", "authorId": "01_Pershing_Square", "authorName": "William Ackman", "documentKindSlug": "conference-presentation", "documentKindLabel": "Conference presentation", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2014-05-05 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 42, "slideType": "problem_statement", "function": "diagnose_problem", "notes": "The slide highlights the excessive leverage (6x) of risky assets relative to capital requirements.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b9b-8504406ade5c/42", "deckHref": "/decks/019dd923-622c-750b-8b9b-8504406ade5c", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9b-8504406ade5c#slide-42", "loopMatches": [ { "to": 111, "from": 32, "name": "Cost Of Inaction", "slug": "27-cost-of-inaction", "bestFor": "Urgent budget requests, compliance, risk mitigation", "matchId": "198631e9-e687-442b-9dcb-9984e64d4f5c", "evidence": "The presentation emphasizes the potential costs to society of failing to reform the GSEs", "position": 0, "objective": "Highlight the risks of not reforming the GSEs", "structure": "The Status Quo -> The Hidden Costs Accumulating -> The Future State of Inaction -> The Tipping Point", "confidence": 0.8, "description": "Quantify what happens if the audience does nothing" } ], "arcBeatMatches": [ { "to": 52, "from": 33, "beatId": "3ed0ec52-f4e3-42be-a59d-05fefefe0753", "arcName": "The Consultant's Gambit", "arcSlug": "consultants-gambit", "beatName": "Evidence & Proof", "beatSlug": "consultants-gambit-evidence-proof", "evidence": "The presentation provides evidence and data to support the proposed solution", "position": 3, "confidence": 0.8, "parentBeatName": "Evidence", "parentBeatSlug": "evidence" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b9b-8504406ade5c", "docSlug": "73d490b5bd52", "documentTitle": "Fannie Mae & Freddie Mac (FNMA / FMCC)", "authorId": "01_Pershing_Square", "authorName": "William Ackman", "documentKindSlug": "conference-presentation", "documentKindLabel": "Conference presentation", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2014-05-05 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 43, "slideType": "before_after", "function": "analyze_data", "notes": "The chart highlights the profitability of the FIA business segment for the two GSEs before the 2008 financial crisis.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b9b-8504406ade5c/43", "deckHref": "/decks/019dd923-622c-750b-8b9b-8504406ade5c", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9b-8504406ade5c#slide-43", "loopMatches": [ { "to": 111, "from": 32, "name": "Cost Of Inaction", "slug": "27-cost-of-inaction", "bestFor": "Urgent budget requests, compliance, risk mitigation", "matchId": "198631e9-e687-442b-9dcb-9984e64d4f5c", "evidence": "The presentation emphasizes the potential costs to society of failing to reform the GSEs", "position": 0, "objective": "Highlight the risks of not reforming the GSEs", "structure": "The Status Quo -> The Hidden Costs Accumulating -> The Future State of Inaction -> The Tipping Point", "confidence": 0.8, "description": "Quantify what happens if the audience does nothing" } ], "arcBeatMatches": [ { "to": 52, "from": 33, "beatId": "3ed0ec52-f4e3-42be-a59d-05fefefe0753", "arcName": "The Consultant's Gambit", "arcSlug": "consultants-gambit", "beatName": "Evidence & Proof", "beatSlug": "consultants-gambit-evidence-proof", "evidence": "The presentation provides evidence and data to support the proposed solution", "position": 3, "confidence": 0.8, "parentBeatName": "Evidence", "parentBeatSlug": "evidence" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b9b-8504406ade5c", "docSlug": "73d490b5bd52", "documentTitle": "Fannie Mae & Freddie Mac (FNMA / FMCC)", "authorId": "01_Pershing_Square", "authorName": "William Ackman", "documentKindSlug": "conference-presentation", "documentKindLabel": "Conference presentation", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2014-05-05 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 44, "slideType": "key_messages", "function": "diagnose_problem", "notes": null, "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b9b-8504406ade5c/44", "deckHref": "/decks/019dd923-622c-750b-8b9b-8504406ade5c", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9b-8504406ade5c#slide-44", "loopMatches": [ { "to": 111, "from": 32, "name": "Cost Of Inaction", "slug": "27-cost-of-inaction", "bestFor": "Urgent budget requests, compliance, risk mitigation", "matchId": "198631e9-e687-442b-9dcb-9984e64d4f5c", "evidence": "The presentation emphasizes the potential costs to society of failing to reform the GSEs", "position": 0, "objective": "Highlight the risks of not reforming the GSEs", "structure": "The Status Quo -> The Hidden Costs Accumulating -> The Future State of Inaction -> The Tipping Point", "confidence": 0.8, "description": "Quantify what happens if the audience does nothing" } ], "arcBeatMatches": [ { "to": 52, "from": 33, "beatId": "3ed0ec52-f4e3-42be-a59d-05fefefe0753", "arcName": "The Consultant's Gambit", "arcSlug": "consultants-gambit", "beatName": "Evidence & Proof", "beatSlug": "consultants-gambit-evidence-proof", "evidence": "The presentation provides evidence and data to support the proposed solution", "position": 3, "confidence": 0.8, "parentBeatName": "Evidence", "parentBeatSlug": "evidence" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b9b-8504406ade5c", "docSlug": "73d490b5bd52", "documentTitle": "Fannie Mae & Freddie Mac (FNMA / FMCC)", "authorId": "01_Pershing_Square", "authorName": "William Ackman", "documentKindSlug": "conference-presentation", "documentKindLabel": "Conference presentation", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2014-05-05 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 45, "slideType": "problem_statement", "function": "diagnose_problem", "notes": null, "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b9b-8504406ade5c/45", "deckHref": "/decks/019dd923-622c-750b-8b9b-8504406ade5c", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9b-8504406ade5c#slide-45", "loopMatches": [ { "to": 111, "from": 32, "name": "Cost Of Inaction", "slug": "27-cost-of-inaction", "bestFor": "Urgent budget requests, compliance, risk mitigation", "matchId": "198631e9-e687-442b-9dcb-9984e64d4f5c", "evidence": "The presentation emphasizes the potential costs to society of failing to reform the GSEs", "position": 0, "objective": "Highlight the risks of not reforming the GSEs", "structure": "The Status Quo -> The Hidden Costs Accumulating -> The Future State of Inaction -> The Tipping Point", "confidence": 0.8, "description": "Quantify what happens if the audience does nothing" } ], "arcBeatMatches": [ { "to": 52, "from": 33, "beatId": "3ed0ec52-f4e3-42be-a59d-05fefefe0753", "arcName": "The Consultant's Gambit", "arcSlug": "consultants-gambit", "beatName": "Evidence & Proof", "beatSlug": "consultants-gambit-evidence-proof", "evidence": "The presentation provides evidence and data to support the proposed solution", "position": 3, "confidence": 0.8, "parentBeatName": "Evidence", "parentBeatSlug": "evidence" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b9b-8504406ade5c", "docSlug": "73d490b5bd52", "documentTitle": "Fannie Mae & Freddie Mac (FNMA / FMCC)", "authorId": "01_Pershing_Square", "authorName": "William Ackman", "documentKindSlug": "conference-presentation", "documentKindLabel": "Conference presentation", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2014-05-05 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 46, "slideType": "problem_statement", "function": "diagnose_problem", "notes": "The slide uses a grouped bar chart to compare two entities over time. The negative values are represented below the zero axis.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b9b-8504406ade5c/46", "deckHref": "/decks/019dd923-622c-750b-8b9b-8504406ade5c", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9b-8504406ade5c#slide-46", "loopMatches": [ { "to": 111, "from": 32, "name": "Cost Of Inaction", "slug": "27-cost-of-inaction", "bestFor": "Urgent budget requests, compliance, risk mitigation", "matchId": "198631e9-e687-442b-9dcb-9984e64d4f5c", "evidence": "The presentation emphasizes the potential costs to society of failing to reform the GSEs", "position": 0, "objective": "Highlight the risks of not reforming the GSEs", "structure": "The Status Quo -> The Hidden Costs Accumulating -> The Future State of Inaction -> The Tipping Point", "confidence": 0.8, "description": "Quantify what happens if the audience does nothing" } ], "arcBeatMatches": [ { "to": 52, "from": 33, "beatId": "3ed0ec52-f4e3-42be-a59d-05fefefe0753", "arcName": "The Consultant's Gambit", "arcSlug": "consultants-gambit", "beatName": "Evidence & Proof", "beatSlug": "consultants-gambit-evidence-proof", "evidence": "The presentation provides evidence and data to support the proposed solution", "position": 3, "confidence": 0.8, "parentBeatName": "Evidence", "parentBeatSlug": "evidence" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b9b-8504406ade5c", "docSlug": "73d490b5bd52", "documentTitle": "Fannie Mae & Freddie Mac (FNMA / FMCC)", "authorId": "01_Pershing_Square", "authorName": "William Ackman", "documentKindSlug": "conference-presentation", "documentKindLabel": "Conference presentation", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2014-05-05 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 47, "slideType": "key_takeaways", "function": "summarize", "notes": "The slide highlights the government-mandated wind-down of assets to a $500bn limit.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b9b-8504406ade5c/47", "deckHref": "/decks/019dd923-622c-750b-8b9b-8504406ade5c", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9b-8504406ade5c#slide-47", "loopMatches": [ { "to": 111, "from": 32, "name": "Cost Of Inaction", "slug": "27-cost-of-inaction", "bestFor": "Urgent budget requests, compliance, risk mitigation", "matchId": "198631e9-e687-442b-9dcb-9984e64d4f5c", "evidence": "The presentation emphasizes the potential costs to society of failing to reform the GSEs", "position": 0, "objective": "Highlight the risks of not reforming the GSEs", "structure": "The Status Quo -> The Hidden Costs Accumulating -> The Future State of Inaction -> The Tipping Point", "confidence": 0.8, "description": "Quantify what happens if the audience does nothing" } ], "arcBeatMatches": [ { "to": 52, "from": 33, "beatId": "3ed0ec52-f4e3-42be-a59d-05fefefe0753", "arcName": "The Consultant's Gambit", "arcSlug": "consultants-gambit", "beatName": "Evidence & Proof", "beatSlug": "consultants-gambit-evidence-proof", "evidence": "The presentation provides evidence and data to support the proposed solution", "position": 3, "confidence": 0.8, "parentBeatName": "Evidence", "parentBeatSlug": "evidence" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b9b-8504406ade5c", "docSlug": "73d490b5bd52", "documentTitle": "Fannie Mae & Freddie Mac (FNMA / FMCC)", "authorId": "01_Pershing_Square", "authorName": "William Ackman", "documentKindSlug": "conference-presentation", "documentKindLabel": "Conference presentation", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2014-05-05 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 48, "slideType": "section_divider", "function": "transition", "notes": null, "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b9b-8504406ade5c/48", "deckHref": "/decks/019dd923-622c-750b-8b9b-8504406ade5c", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9b-8504406ade5c#slide-48", "loopMatches": [ { "to": 111, "from": 32, "name": "Cost Of Inaction", "slug": "27-cost-of-inaction", "bestFor": "Urgent budget requests, compliance, risk mitigation", "matchId": "198631e9-e687-442b-9dcb-9984e64d4f5c", "evidence": "The presentation emphasizes the potential costs to society of failing to reform the GSEs", "position": 0, "objective": "Highlight the risks of not reforming the GSEs", "structure": "The Status Quo -> The Hidden Costs Accumulating -> The Future State of Inaction -> The Tipping Point", "confidence": 0.8, "description": "Quantify what happens if the audience does nothing" } ], "arcBeatMatches": [ { "to": 52, "from": 33, "beatId": "3ed0ec52-f4e3-42be-a59d-05fefefe0753", "arcName": "The Consultant's Gambit", "arcSlug": "consultants-gambit", "beatName": "Evidence & Proof", "beatSlug": "consultants-gambit-evidence-proof", "evidence": "The presentation provides evidence and data to support the proposed solution", "position": 3, "confidence": 0.8, "parentBeatName": "Evidence", "parentBeatSlug": "evidence" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b9b-8504406ade5c", "docSlug": "73d490b5bd52", "documentTitle": "Fannie Mae & Freddie Mac (FNMA / FMCC)", "authorId": "01_Pershing_Square", "authorName": "William Ackman", "documentKindSlug": "conference-presentation", "documentKindLabel": "Conference presentation", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2014-05-05 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 49, "slideType": "quote_slide", "function": "establish_context", "notes": null, "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b9b-8504406ade5c/49", "deckHref": "/decks/019dd923-622c-750b-8b9b-8504406ade5c", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9b-8504406ade5c#slide-49", "loopMatches": [ { "to": 111, "from": 32, "name": "Cost Of Inaction", "slug": "27-cost-of-inaction", "bestFor": "Urgent budget requests, compliance, risk mitigation", "matchId": "198631e9-e687-442b-9dcb-9984e64d4f5c", "evidence": "The presentation emphasizes the potential costs to society of failing to reform the GSEs", "position": 0, "objective": "Highlight the risks of not reforming the GSEs", "structure": "The Status Quo -> The Hidden Costs Accumulating -> The Future State of Inaction -> The Tipping Point", "confidence": 0.8, "description": "Quantify what happens if the audience does nothing" } ], "arcBeatMatches": [ { "to": 52, "from": 33, "beatId": "3ed0ec52-f4e3-42be-a59d-05fefefe0753", "arcName": "The Consultant's Gambit", "arcSlug": "consultants-gambit", "beatName": "Evidence & Proof", "beatSlug": "consultants-gambit-evidence-proof", "evidence": "The presentation provides evidence and data to support the proposed solution", "position": 3, "confidence": 0.8, "parentBeatName": "Evidence", "parentBeatSlug": "evidence" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b9b-8504406ade5c", "docSlug": "73d490b5bd52", "documentTitle": "Fannie Mae & Freddie Mac (FNMA / FMCC)", "authorId": "01_Pershing_Square", "authorName": "William Ackman", "documentKindSlug": "conference-presentation", "documentKindLabel": "Conference presentation", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2014-05-05 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 50, "slideType": "other", "function": "present_framework", "notes": "Slide 49 of a presentation deck.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b9b-8504406ade5c/50", "deckHref": "/decks/019dd923-622c-750b-8b9b-8504406ade5c", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9b-8504406ade5c#slide-50", "loopMatches": [ { "to": 111, "from": 32, "name": "Cost Of Inaction", "slug": "27-cost-of-inaction", "bestFor": "Urgent budget requests, compliance, risk mitigation", "matchId": "198631e9-e687-442b-9dcb-9984e64d4f5c", "evidence": "The presentation emphasizes the potential costs to society of failing to reform the GSEs", "position": 0, "objective": "Highlight the risks of not reforming the GSEs", "structure": "The Status Quo -> The Hidden Costs Accumulating -> The Future State of Inaction -> The Tipping Point", "confidence": 0.8, "description": "Quantify what happens if the audience does nothing" } ], "arcBeatMatches": [ { "to": 52, "from": 33, "beatId": "3ed0ec52-f4e3-42be-a59d-05fefefe0753", "arcName": "The Consultant's Gambit", "arcSlug": "consultants-gambit", "beatName": "Evidence & Proof", "beatSlug": "consultants-gambit-evidence-proof", "evidence": "The presentation provides evidence and data to support the proposed solution", "position": 3, "confidence": 0.8, "parentBeatName": "Evidence", "parentBeatSlug": "evidence" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b9b-8504406ade5c", "docSlug": "73d490b5bd52", "documentTitle": "Fannie Mae & Freddie Mac (FNMA / FMCC)", "authorId": "01_Pershing_Square", "authorName": "William Ackman", "documentKindSlug": "conference-presentation", "documentKindLabel": "Conference presentation", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2014-05-05 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 51, "slideType": "before_after", "function": "analyze_data", "notes": "The chart illustrates the transition from losses to profitability followed by the implementation of the 100% dividend sweep.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b9b-8504406ade5c/51", "deckHref": "/decks/019dd923-622c-750b-8b9b-8504406ade5c", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9b-8504406ade5c#slide-51", "loopMatches": [ { "to": 111, "from": 32, "name": "Cost Of Inaction", "slug": "27-cost-of-inaction", "bestFor": "Urgent budget requests, compliance, risk mitigation", "matchId": "198631e9-e687-442b-9dcb-9984e64d4f5c", "evidence": "The presentation emphasizes the potential costs to society of failing to reform the GSEs", "position": 0, "objective": "Highlight the risks of not reforming the GSEs", "structure": "The Status Quo -> The Hidden Costs Accumulating -> The Future State of Inaction -> The Tipping Point", "confidence": 0.8, "description": "Quantify what happens if the audience does nothing" } ], "arcBeatMatches": [ { "to": 52, "from": 33, "beatId": "3ed0ec52-f4e3-42be-a59d-05fefefe0753", "arcName": "The Consultant's Gambit", "arcSlug": "consultants-gambit", "beatName": "Evidence & Proof", "beatSlug": "consultants-gambit-evidence-proof", "evidence": "The presentation provides evidence and data to support the proposed solution", "position": 3, "confidence": 0.8, "parentBeatName": "Evidence", "parentBeatSlug": "evidence" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b9b-8504406ade5c", "docSlug": "73d490b5bd52", "documentTitle": "Fannie Mae & Freddie Mac (FNMA / FMCC)", "authorId": "01_Pershing_Square", "authorName": "William Ackman", "documentKindSlug": "conference-presentation", "documentKindLabel": "Conference presentation", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2014-05-05 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 52, "slideType": "preempt_rebuttal", "function": "preempt_rebuttal", "notes": "The slide uses a structured list to present legal grievances, concluding with a status update on ongoing litigation.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b9b-8504406ade5c/52", "deckHref": "/decks/019dd923-622c-750b-8b9b-8504406ade5c", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9b-8504406ade5c#slide-52", "loopMatches": [ { "to": 111, "from": 32, "name": "Cost Of Inaction", "slug": "27-cost-of-inaction", "bestFor": "Urgent budget requests, compliance, risk mitigation", "matchId": "198631e9-e687-442b-9dcb-9984e64d4f5c", "evidence": "The presentation emphasizes the potential costs to society of failing to reform the GSEs", "position": 0, "objective": "Highlight the risks of not reforming the GSEs", "structure": "The Status Quo -> The Hidden Costs Accumulating -> The Future State of Inaction -> The Tipping Point", "confidence": 0.8, "description": "Quantify what happens if the audience does nothing" } ], "arcBeatMatches": [ { "to": 52, "from": 33, "beatId": "3ed0ec52-f4e3-42be-a59d-05fefefe0753", "arcName": "The Consultant's Gambit", "arcSlug": "consultants-gambit", "beatName": "Evidence & Proof", "beatSlug": "consultants-gambit-evidence-proof", "evidence": "The presentation provides evidence and data to support the proposed solution", "position": 3, "confidence": 0.8, "parentBeatName": "Evidence", "parentBeatSlug": "evidence" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b9b-8504406ade5c", "docSlug": "73d490b5bd52", "documentTitle": "Fannie Mae & Freddie Mac (FNMA / FMCC)", "authorId": "01_Pershing_Square", "authorName": "William Ackman", "documentKindSlug": "conference-presentation", "documentKindLabel": "Conference presentation", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2014-05-05 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 53, "slideType": "before_after", "function": "analyze_data", "notes": "The chart uses a grouped bar format for annual data and a summary total at the end.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b9b-8504406ade5c/53", "deckHref": "/decks/019dd923-622c-750b-8b9b-8504406ade5c", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9b-8504406ade5c#slide-53", "loopMatches": [ { "to": 111, "from": 32, "name": "Cost Of Inaction", "slug": "27-cost-of-inaction", "bestFor": "Urgent budget requests, compliance, risk mitigation", "matchId": "198631e9-e687-442b-9dcb-9984e64d4f5c", "evidence": "The presentation emphasizes the potential costs to society of failing to reform the GSEs", "position": 0, "objective": "Highlight the risks of not reforming the GSEs", "structure": "The Status Quo -> The Hidden Costs Accumulating -> The Future State of Inaction -> The Tipping Point", "confidence": 0.8, "description": "Quantify what happens if the audience does nothing" } ], "arcBeatMatches": [ { "to": 111, "from": 53, "beatId": "2ffdc109-c03c-4d79-bfbe-40c4d285ca05", "arcName": "The Consultant's Gambit", "arcSlug": "consultants-gambit", "beatName": "Impact & Next Steps", "beatSlug": "consultants-gambit-impact-next-steps", "evidence": "The presentation concludes with a discussion of the potential impact of the proposed solution and next steps for housing finance reform", "position": 4, "confidence": 0.8, "parentBeatName": "Resolution", "parentBeatSlug": "resolution" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b9b-8504406ade5c", "docSlug": "73d490b5bd52", "documentTitle": "Fannie Mae & Freddie Mac (FNMA / FMCC)", "authorId": "01_Pershing_Square", "authorName": "William Ackman", "documentKindSlug": "conference-presentation", "documentKindLabel": "Conference presentation", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2014-05-05 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 54, "slideType": "comparison_table", "function": "analyze_data", "notes": "The slide uses a bar chart to visualize the delta between actual payments and original obligations.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b9b-8504406ade5c/54", "deckHref": "/decks/019dd923-622c-750b-8b9b-8504406ade5c", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9b-8504406ade5c#slide-54", "loopMatches": [ { "to": 111, "from": 32, "name": "Cost Of Inaction", "slug": "27-cost-of-inaction", "bestFor": "Urgent budget requests, compliance, risk mitigation", "matchId": "198631e9-e687-442b-9dcb-9984e64d4f5c", "evidence": "The presentation emphasizes the potential costs to society of failing to reform the GSEs", "position": 0, "objective": "Highlight the risks of not reforming the GSEs", "structure": "The Status Quo -> The Hidden Costs Accumulating -> The Future State of Inaction -> The Tipping Point", "confidence": 0.8, "description": "Quantify what happens if the audience does nothing" } ], "arcBeatMatches": [ { "to": 111, "from": 53, "beatId": "2ffdc109-c03c-4d79-bfbe-40c4d285ca05", "arcName": "The Consultant's Gambit", "arcSlug": "consultants-gambit", "beatName": "Impact & Next Steps", "beatSlug": "consultants-gambit-impact-next-steps", "evidence": "The presentation concludes with a discussion of the potential impact of the proposed solution and next steps for housing finance reform", "position": 4, "confidence": 0.8, "parentBeatName": "Resolution", "parentBeatSlug": "resolution" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b9b-8504406ade5c", "docSlug": "73d490b5bd52", "documentTitle": "Fannie Mae & Freddie Mac (FNMA / FMCC)", "authorId": "01_Pershing_Square", "authorName": "William Ackman", "documentKindSlug": "conference-presentation", "documentKindLabel": "Conference presentation", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2014-05-05 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 55, "slideType": "before_after", "function": "analyze_data", "notes": "The slide illustrates the 'excess' dividends paid under the current sweep compared to the original terms.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b9b-8504406ade5c/55", "deckHref": "/decks/019dd923-622c-750b-8b9b-8504406ade5c", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9b-8504406ade5c#slide-55", "loopMatches": [ { "to": 111, "from": 32, "name": "Cost Of Inaction", "slug": "27-cost-of-inaction", "bestFor": "Urgent budget requests, compliance, risk mitigation", "matchId": "198631e9-e687-442b-9dcb-9984e64d4f5c", "evidence": "The presentation emphasizes the potential costs to society of failing to reform the GSEs", "position": 0, "objective": "Highlight the risks of not reforming the GSEs", "structure": "The Status Quo -> The Hidden Costs Accumulating -> The Future State of Inaction -> The Tipping Point", "confidence": 0.8, "description": "Quantify what happens if the audience does nothing" } ], "arcBeatMatches": [ { "to": 111, "from": 53, "beatId": "2ffdc109-c03c-4d79-bfbe-40c4d285ca05", "arcName": "The Consultant's Gambit", "arcSlug": "consultants-gambit", "beatName": "Impact & Next Steps", "beatSlug": "consultants-gambit-impact-next-steps", "evidence": "The presentation concludes with a discussion of the potential impact of the proposed solution and next steps for housing finance reform", "position": 4, "confidence": 0.8, "parentBeatName": "Resolution", "parentBeatSlug": "resolution" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b9b-8504406ade5c", "docSlug": "73d490b5bd52", "documentTitle": "Fannie Mae & Freddie Mac (FNMA / FMCC)", "authorId": "01_Pershing_Square", "authorName": "William Ackman", "documentKindSlug": "conference-presentation", "documentKindLabel": "Conference presentation", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2014-05-05 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 56, "slideType": "section_divider", "function": "transition", "notes": null, "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b9b-8504406ade5c/56", "deckHref": "/decks/019dd923-622c-750b-8b9b-8504406ade5c", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9b-8504406ade5c#slide-56", "loopMatches": [ { "to": 111, "from": 32, "name": "Cost Of Inaction", "slug": "27-cost-of-inaction", "bestFor": "Urgent budget requests, compliance, risk mitigation", "matchId": "198631e9-e687-442b-9dcb-9984e64d4f5c", "evidence": "The presentation emphasizes the potential costs to society of failing to reform the GSEs", "position": 0, "objective": "Highlight the risks of not reforming the GSEs", "structure": "The Status Quo -> The Hidden Costs Accumulating -> The Future State of Inaction -> The Tipping Point", "confidence": 0.8, "description": "Quantify what happens if the audience does nothing" } ], "arcBeatMatches": [ { "to": 111, "from": 53, "beatId": "2ffdc109-c03c-4d79-bfbe-40c4d285ca05", "arcName": "The Consultant's Gambit", "arcSlug": "consultants-gambit", "beatName": "Impact & Next Steps", "beatSlug": "consultants-gambit-impact-next-steps", "evidence": "The presentation concludes with a discussion of the potential impact of the proposed solution and next steps for housing finance reform", "position": 4, "confidence": 0.8, "parentBeatName": "Resolution", "parentBeatSlug": "resolution" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b9b-8504406ade5c", "docSlug": "73d490b5bd52", "documentTitle": "Fannie Mae & Freddie Mac (FNMA / FMCC)", "authorId": "01_Pershing_Square", "authorName": "William Ackman", "documentKindSlug": "conference-presentation", "documentKindLabel": "Conference presentation", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2014-05-05 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 57, "slideType": "key_messages", "function": "summarize", "notes": null, "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b9b-8504406ade5c/57", "deckHref": "/decks/019dd923-622c-750b-8b9b-8504406ade5c", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9b-8504406ade5c#slide-57", "loopMatches": [ { "to": 111, "from": 32, "name": "Cost Of Inaction", "slug": "27-cost-of-inaction", "bestFor": "Urgent budget requests, compliance, risk mitigation", "matchId": "198631e9-e687-442b-9dcb-9984e64d4f5c", "evidence": "The presentation emphasizes the potential costs to society of failing to reform the GSEs", "position": 0, "objective": "Highlight the risks of not reforming the GSEs", "structure": "The Status Quo -> The Hidden Costs Accumulating -> The Future State of Inaction -> The Tipping Point", "confidence": 0.8, "description": "Quantify what happens if the audience does nothing" } ], "arcBeatMatches": [ { "to": 111, "from": 53, "beatId": "2ffdc109-c03c-4d79-bfbe-40c4d285ca05", "arcName": "The Consultant's Gambit", "arcSlug": "consultants-gambit", "beatName": "Impact & Next Steps", "beatSlug": "consultants-gambit-impact-next-steps", "evidence": "The presentation concludes with a discussion of the potential impact of the proposed solution and next steps for housing finance reform", "position": 4, "confidence": 0.8, "parentBeatName": "Resolution", "parentBeatSlug": "resolution" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b9b-8504406ade5c", "docSlug": "73d490b5bd52", "documentTitle": "Fannie Mae & Freddie Mac (FNMA / FMCC)", "authorId": "01_Pershing_Square", "authorName": "William Ackman", "documentKindSlug": "conference-presentation", "documentKindLabel": "Conference presentation", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2014-05-05 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 58, "slideType": "preempt_rebuttal", "function": "preempt_rebuttal", "notes": null, "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b9b-8504406ade5c/58", "deckHref": "/decks/019dd923-622c-750b-8b9b-8504406ade5c", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9b-8504406ade5c#slide-58", "loopMatches": [ { "to": 111, "from": 32, "name": "Cost Of Inaction", "slug": "27-cost-of-inaction", "bestFor": "Urgent budget requests, compliance, risk mitigation", "matchId": "198631e9-e687-442b-9dcb-9984e64d4f5c", "evidence": "The presentation emphasizes the potential costs to society of failing to reform the GSEs", "position": 0, "objective": "Highlight the risks of not reforming the GSEs", "structure": "The Status Quo -> The Hidden Costs Accumulating -> The Future State of Inaction -> The Tipping Point", "confidence": 0.8, "description": "Quantify what happens if the audience does nothing" } ], "arcBeatMatches": [ { "to": 111, "from": 53, "beatId": "2ffdc109-c03c-4d79-bfbe-40c4d285ca05", "arcName": "The Consultant's Gambit", "arcSlug": "consultants-gambit", "beatName": "Impact & Next Steps", "beatSlug": "consultants-gambit-impact-next-steps", "evidence": "The presentation concludes with a discussion of the potential impact of the proposed solution and next steps for housing finance reform", "position": 4, "confidence": 0.8, "parentBeatName": "Resolution", "parentBeatSlug": "resolution" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b9b-8504406ade5c", "docSlug": "73d490b5bd52", "documentTitle": "Fannie Mae & Freddie Mac (FNMA / FMCC)", "authorId": "01_Pershing_Square", "authorName": "William Ackman", "documentKindSlug": "conference-presentation", "documentKindLabel": "Conference presentation", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2014-05-05 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 59, "slideType": "thesis_headline", "function": "diagnose_problem", "notes": "The slide uses a list of six reasons to support the thesis that private capital is insufficient.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b9b-8504406ade5c/59", "deckHref": "/decks/019dd923-622c-750b-8b9b-8504406ade5c", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9b-8504406ade5c#slide-59", "loopMatches": [ { "to": 111, "from": 32, "name": "Cost Of Inaction", "slug": "27-cost-of-inaction", "bestFor": "Urgent budget requests, compliance, risk mitigation", "matchId": "198631e9-e687-442b-9dcb-9984e64d4f5c", "evidence": "The presentation emphasizes the potential costs to society of failing to reform the GSEs", "position": 0, "objective": "Highlight the risks of not reforming the GSEs", "structure": "The Status Quo -> The Hidden Costs Accumulating -> The Future State of Inaction -> The Tipping Point", "confidence": 0.8, "description": "Quantify what happens if the audience does nothing" }, { "to": 64, "from": 59, "name": "Mece Breakdown", "slug": "40-mece-breakdown", "bestFor": "Problem structuring, ensuring completeness, strategic analysis", "matchId": "f0b99e32-1835-47d4-88c0-9a7207d01351", "evidence": "The presentation provides a detailed analysis of the potential capital requirements for new participants in the mortgage market", "position": 2, "objective": "Break down the potential capital requirements for new participants", "structure": "The Whole -> Category A (distinct) -> Category B (distinct) -> Category C (distinct) -> Complete Coverage", "confidence": 0.7, "description": "Divide a complex topic into mutually exclusive, collectively exhaustive categories" } ], "arcBeatMatches": [ { "to": 111, "from": 53, "beatId": "2ffdc109-c03c-4d79-bfbe-40c4d285ca05", "arcName": "The Consultant's Gambit", "arcSlug": "consultants-gambit", "beatName": "Impact & Next Steps", "beatSlug": "consultants-gambit-impact-next-steps", "evidence": "The presentation concludes with a discussion of the potential impact of the proposed solution and next steps for housing finance reform", "position": 4, "confidence": 0.8, "parentBeatName": "Resolution", "parentBeatSlug": "resolution" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b9b-8504406ade5c", "docSlug": "73d490b5bd52", "documentTitle": "Fannie Mae & Freddie Mac (FNMA / FMCC)", "authorId": "01_Pershing_Square", "authorName": "William Ackman", "documentKindSlug": "conference-presentation", "documentKindLabel": "Conference presentation", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2014-05-05 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 60, "slideType": "thesis_headline", "function": "quantify_opportunity", "notes": "The slide uses historical data to frame a problem of scale regarding capital requirements.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b9b-8504406ade5c/60", "deckHref": "/decks/019dd923-622c-750b-8b9b-8504406ade5c", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9b-8504406ade5c#slide-60", "loopMatches": [ { "to": 111, "from": 32, "name": "Cost Of Inaction", "slug": "27-cost-of-inaction", "bestFor": "Urgent budget requests, compliance, risk mitigation", "matchId": "198631e9-e687-442b-9dcb-9984e64d4f5c", "evidence": "The presentation emphasizes the potential costs to society of failing to reform the GSEs", "position": 0, "objective": "Highlight the risks of not reforming the GSEs", "structure": "The Status Quo -> The Hidden Costs Accumulating -> The Future State of Inaction -> The Tipping Point", "confidence": 0.8, "description": "Quantify what happens if the audience does nothing" }, { "to": 64, "from": 59, "name": "Mece Breakdown", "slug": "40-mece-breakdown", "bestFor": "Problem structuring, ensuring completeness, strategic analysis", "matchId": "f0b99e32-1835-47d4-88c0-9a7207d01351", "evidence": "The presentation provides a detailed analysis of the potential capital requirements for new participants in the mortgage market", "position": 2, "objective": "Break down the potential capital requirements for new participants", "structure": "The Whole -> Category A (distinct) -> Category B (distinct) -> Category C (distinct) -> Complete Coverage", "confidence": 0.7, "description": "Divide a complex topic into mutually exclusive, collectively exhaustive categories" } ], "arcBeatMatches": [ { "to": 111, "from": 53, "beatId": "2ffdc109-c03c-4d79-bfbe-40c4d285ca05", "arcName": "The Consultant's Gambit", "arcSlug": "consultants-gambit", "beatName": "Impact & Next Steps", "beatSlug": "consultants-gambit-impact-next-steps", "evidence": "The presentation concludes with a discussion of the potential impact of the proposed solution and next steps for housing finance reform", "position": 4, "confidence": 0.8, "parentBeatName": "Resolution", "parentBeatSlug": "resolution" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b9b-8504406ade5c", "docSlug": "73d490b5bd52", "documentTitle": "Fannie Mae & Freddie Mac (FNMA / FMCC)", "authorId": "01_Pershing_Square", "authorName": "William Ackman", "documentKindSlug": "conference-presentation", "documentKindLabel": "Conference presentation", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2014-05-05 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 61, "slideType": "precedent_table", "function": "cite_precedent", "notes": "The slide uses historical IPO data to frame a problem regarding capital availability for new market participants.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b9b-8504406ade5c/61", "deckHref": "/decks/019dd923-622c-750b-8b9b-8504406ade5c", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9b-8504406ade5c#slide-61", "loopMatches": [ { "to": 111, "from": 32, "name": "Cost Of Inaction", "slug": "27-cost-of-inaction", "bestFor": "Urgent budget requests, compliance, risk mitigation", "matchId": "198631e9-e687-442b-9dcb-9984e64d4f5c", "evidence": "The presentation emphasizes the potential costs to society of failing to reform the GSEs", "position": 0, "objective": "Highlight the risks of not reforming the GSEs", "structure": "The Status Quo -> The Hidden Costs Accumulating -> The Future State of Inaction -> The Tipping Point", "confidence": 0.8, "description": "Quantify what happens if the audience does nothing" }, { "to": 64, "from": 59, "name": "Mece Breakdown", "slug": "40-mece-breakdown", "bestFor": "Problem structuring, ensuring completeness, strategic analysis", "matchId": "f0b99e32-1835-47d4-88c0-9a7207d01351", "evidence": "The presentation provides a detailed analysis of the potential capital requirements for new participants in the mortgage market", "position": 2, "objective": "Break down the potential capital requirements for new participants", "structure": "The Whole -> Category A (distinct) -> Category B (distinct) -> Category C (distinct) -> Complete Coverage", "confidence": 0.7, "description": "Divide a complex topic into mutually exclusive, collectively exhaustive categories" } ], "arcBeatMatches": [ { "to": 111, "from": 53, "beatId": "2ffdc109-c03c-4d79-bfbe-40c4d285ca05", "arcName": "The Consultant's Gambit", "arcSlug": "consultants-gambit", "beatName": "Impact & Next Steps", "beatSlug": "consultants-gambit-impact-next-steps", "evidence": "The presentation concludes with a discussion of the potential impact of the proposed solution and next steps for housing finance reform", "position": 4, "confidence": 0.8, "parentBeatName": "Resolution", "parentBeatSlug": "resolution" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b9b-8504406ade5c", "docSlug": "73d490b5bd52", "documentTitle": "Fannie Mae & Freddie Mac (FNMA / FMCC)", "authorId": "01_Pershing_Square", "authorName": "William Ackman", "documentKindSlug": "conference-presentation", "documentKindLabel": "Conference presentation", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2014-05-05 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 62, "slideType": "problem_statement", "function": "diagnose_problem", "notes": null, "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b9b-8504406ade5c/62", "deckHref": "/decks/019dd923-622c-750b-8b9b-8504406ade5c", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9b-8504406ade5c#slide-62", "loopMatches": [ { "to": 111, "from": 32, "name": "Cost Of Inaction", "slug": "27-cost-of-inaction", "bestFor": "Urgent budget requests, compliance, risk mitigation", "matchId": "198631e9-e687-442b-9dcb-9984e64d4f5c", "evidence": "The presentation emphasizes the potential costs to society of failing to reform the GSEs", "position": 0, "objective": "Highlight the risks of not reforming the GSEs", "structure": "The Status Quo -> The Hidden Costs Accumulating -> The Future State of Inaction -> The Tipping Point", "confidence": 0.8, "description": "Quantify what happens if the audience does nothing" }, { "to": 64, "from": 59, "name": "Mece Breakdown", "slug": "40-mece-breakdown", "bestFor": "Problem structuring, ensuring completeness, strategic analysis", "matchId": "f0b99e32-1835-47d4-88c0-9a7207d01351", "evidence": "The presentation provides a detailed analysis of the potential capital requirements for new participants in the mortgage market", "position": 2, "objective": "Break down the potential capital requirements for new participants", "structure": "The Whole -> Category A (distinct) -> Category B (distinct) -> Category C (distinct) -> Complete Coverage", "confidence": 0.7, "description": "Divide a complex topic into mutually exclusive, collectively exhaustive categories" } ], "arcBeatMatches": [ { "to": 111, "from": 53, "beatId": "2ffdc109-c03c-4d79-bfbe-40c4d285ca05", "arcName": "The Consultant's Gambit", "arcSlug": "consultants-gambit", "beatName": "Impact & Next Steps", "beatSlug": "consultants-gambit-impact-next-steps", "evidence": "The presentation concludes with a discussion of the potential impact of the proposed solution and next steps for housing finance reform", "position": 4, "confidence": 0.8, "parentBeatName": "Resolution", "parentBeatSlug": "resolution" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b9b-8504406ade5c", "docSlug": "73d490b5bd52", "documentTitle": "Fannie Mae & Freddie Mac (FNMA / FMCC)", "authorId": "01_Pershing_Square", "authorName": "William Ackman", "documentKindSlug": "conference-presentation", "documentKindLabel": "Conference presentation", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2014-05-05 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 63, "slideType": "valuation_table", "function": "quantify_opportunity", "notes": "The slide uses a hypothetical cost structure based on Essent Group to demonstrate the unprofitability of new entrants.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b9b-8504406ade5c/63", "deckHref": "/decks/019dd923-622c-750b-8b9b-8504406ade5c", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9b-8504406ade5c#slide-63", "loopMatches": [ { "to": 111, "from": 32, "name": "Cost Of Inaction", "slug": "27-cost-of-inaction", "bestFor": "Urgent budget requests, compliance, risk mitigation", "matchId": "198631e9-e687-442b-9dcb-9984e64d4f5c", "evidence": "The presentation emphasizes the potential costs to society of failing to reform the GSEs", "position": 0, "objective": "Highlight the risks of not reforming the GSEs", "structure": "The Status Quo -> The Hidden Costs Accumulating -> The Future State of Inaction -> The Tipping Point", "confidence": 0.8, "description": "Quantify what happens if the audience does nothing" }, { "to": 64, "from": 59, "name": "Mece Breakdown", "slug": "40-mece-breakdown", "bestFor": "Problem structuring, ensuring completeness, strategic analysis", "matchId": "f0b99e32-1835-47d4-88c0-9a7207d01351", "evidence": "The presentation provides a detailed analysis of the potential capital requirements for new participants in the mortgage market", "position": 2, "objective": "Break down the potential capital requirements for new participants", "structure": "The Whole -> Category A (distinct) -> Category B (distinct) -> Category C (distinct) -> Complete Coverage", "confidence": 0.7, "description": "Divide a complex topic into mutually exclusive, collectively exhaustive categories" } ], "arcBeatMatches": [ { "to": 111, "from": 53, "beatId": "2ffdc109-c03c-4d79-bfbe-40c4d285ca05", "arcName": "The Consultant's Gambit", "arcSlug": "consultants-gambit", "beatName": "Impact & Next Steps", "beatSlug": "consultants-gambit-impact-next-steps", "evidence": "The presentation concludes with a discussion of the potential impact of the proposed solution and next steps for housing finance reform", "position": 4, "confidence": 0.8, "parentBeatName": "Resolution", "parentBeatSlug": "resolution" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b9b-8504406ade5c", "docSlug": "73d490b5bd52", "documentTitle": "Fannie Mae & Freddie Mac (FNMA / FMCC)", "authorId": "01_Pershing_Square", "authorName": "William Ackman", "documentKindSlug": "conference-presentation", "documentKindLabel": "Conference presentation", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2014-05-05 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 64, "slideType": "valuation_table", "function": "analyze_data", "notes": "The slide uses a scenario table to demonstrate the impact of varying capital requirements on required G-fees.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b9b-8504406ade5c/64", "deckHref": "/decks/019dd923-622c-750b-8b9b-8504406ade5c", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9b-8504406ade5c#slide-64", "loopMatches": [ { "to": 111, "from": 32, "name": "Cost Of Inaction", "slug": "27-cost-of-inaction", "bestFor": "Urgent budget requests, compliance, risk mitigation", "matchId": "198631e9-e687-442b-9dcb-9984e64d4f5c", "evidence": "The presentation emphasizes the potential costs to society of failing to reform the GSEs", "position": 0, "objective": "Highlight the risks of not reforming the GSEs", "structure": "The Status Quo -> The Hidden Costs Accumulating -> The Future State of Inaction -> The Tipping Point", "confidence": 0.8, "description": "Quantify what happens if the audience does nothing" }, { "to": 64, "from": 59, "name": "Mece Breakdown", "slug": "40-mece-breakdown", "bestFor": "Problem structuring, ensuring completeness, strategic analysis", "matchId": "f0b99e32-1835-47d4-88c0-9a7207d01351", "evidence": "The presentation provides a detailed analysis of the potential capital requirements for new participants in the mortgage market", "position": 2, "objective": "Break down the potential capital requirements for new participants", "structure": "The Whole -> Category A (distinct) -> Category B (distinct) -> Category C (distinct) -> Complete Coverage", "confidence": 0.7, "description": "Divide a complex topic into mutually exclusive, collectively exhaustive categories" } ], "arcBeatMatches": [ { "to": 111, "from": 53, "beatId": "2ffdc109-c03c-4d79-bfbe-40c4d285ca05", "arcName": "The Consultant's Gambit", "arcSlug": "consultants-gambit", "beatName": "Impact & Next Steps", "beatSlug": "consultants-gambit-impact-next-steps", "evidence": "The presentation concludes with a discussion of the potential impact of the proposed solution and next steps for housing finance reform", "position": 4, "confidence": 0.8, "parentBeatName": "Resolution", "parentBeatSlug": "resolution" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b9b-8504406ade5c", "docSlug": "73d490b5bd52", "documentTitle": "Fannie Mae & Freddie Mac (FNMA / FMCC)", "authorId": "01_Pershing_Square", "authorName": "William Ackman", "documentKindSlug": "conference-presentation", "documentKindLabel": "Conference presentation", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2014-05-05 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 65, "slideType": "thesis_headline", "function": "analyze_data", "notes": "The slide uses a combination of a line chart for interest rates and a bar chart for origination volumes to demonstrate sensitivity.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b9b-8504406ade5c/65", "deckHref": "/decks/019dd923-622c-750b-8b9b-8504406ade5c", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9b-8504406ade5c#slide-65", "loopMatches": [ { "to": 111, "from": 32, "name": "Cost Of Inaction", "slug": "27-cost-of-inaction", "bestFor": "Urgent budget requests, compliance, risk mitigation", "matchId": "198631e9-e687-442b-9dcb-9984e64d4f5c", "evidence": "The presentation emphasizes the potential costs to society of failing to reform the GSEs", "position": 0, "objective": "Highlight the risks of not reforming the GSEs", "structure": "The Status Quo -> The Hidden Costs Accumulating -> The Future State of Inaction -> The Tipping Point", "confidence": 0.8, "description": "Quantify what happens if the audience does nothing" } ], "arcBeatMatches": [ { "to": 111, "from": 53, "beatId": "2ffdc109-c03c-4d79-bfbe-40c4d285ca05", "arcName": "The Consultant's Gambit", "arcSlug": "consultants-gambit", "beatName": "Impact & Next Steps", "beatSlug": "consultants-gambit-impact-next-steps", "evidence": "The presentation concludes with a discussion of the potential impact of the proposed solution and next steps for housing finance reform", "position": 4, "confidence": 0.8, "parentBeatName": "Resolution", "parentBeatSlug": "resolution" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b9b-8504406ade5c", "docSlug": "73d490b5bd52", "documentTitle": "Fannie Mae & Freddie Mac (FNMA / FMCC)", "authorId": "01_Pershing_Square", "authorName": "William Ackman", "documentKindSlug": "conference-presentation", "documentKindLabel": "Conference presentation", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2014-05-05 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 66, "slideType": "cite_precedent", "function": "cite_precedent", "notes": "The slide uses a quote from a political figure to establish a precedent of government overreach affecting market confidence.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b9b-8504406ade5c/66", "deckHref": "/decks/019dd923-622c-750b-8b9b-8504406ade5c", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9b-8504406ade5c#slide-66", "loopMatches": [ { "to": 111, "from": 32, "name": "Cost Of Inaction", "slug": "27-cost-of-inaction", "bestFor": "Urgent budget requests, compliance, risk mitigation", "matchId": "198631e9-e687-442b-9dcb-9984e64d4f5c", "evidence": "The presentation emphasizes the potential costs to society of failing to reform the GSEs", "position": 0, "objective": "Highlight the risks of not reforming the GSEs", "structure": "The Status Quo -> The Hidden Costs Accumulating -> The Future State of Inaction -> The Tipping Point", "confidence": 0.8, "description": "Quantify what happens if the audience does nothing" } ], "arcBeatMatches": [ { "to": 111, "from": 53, "beatId": "2ffdc109-c03c-4d79-bfbe-40c4d285ca05", "arcName": "The Consultant's Gambit", "arcSlug": "consultants-gambit", "beatName": "Impact & Next Steps", "beatSlug": "consultants-gambit-impact-next-steps", "evidence": "The presentation concludes with a discussion of the potential impact of the proposed solution and next steps for housing finance reform", "position": 4, "confidence": 0.8, "parentBeatName": "Resolution", "parentBeatSlug": "resolution" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b9b-8504406ade5c", "docSlug": "73d490b5bd52", "documentTitle": "Fannie Mae & Freddie Mac (FNMA / FMCC)", "authorId": "01_Pershing_Square", "authorName": "William Ackman", "documentKindSlug": "conference-presentation", "documentKindLabel": "Conference presentation", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2014-05-05 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 67, "slideType": "key_takeaways", "function": "analyze_data", "notes": "The slide highlights a significant contraction in the market value of PMIs, with a specific callout noting a 90% decline through 2012.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b9b-8504406ade5c/67", "deckHref": "/decks/019dd923-622c-750b-8b9b-8504406ade5c", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9b-8504406ade5c#slide-67", "loopMatches": [ { "to": 111, "from": 32, "name": "Cost Of Inaction", "slug": "27-cost-of-inaction", "bestFor": "Urgent budget requests, compliance, risk mitigation", "matchId": "198631e9-e687-442b-9dcb-9984e64d4f5c", "evidence": "The presentation emphasizes the potential costs to society of failing to reform the GSEs", "position": 0, "objective": "Highlight the risks of not reforming the GSEs", "structure": "The Status Quo -> The Hidden Costs Accumulating -> The Future State of Inaction -> The Tipping Point", "confidence": 0.8, "description": "Quantify what happens if the audience does nothing" } ], "arcBeatMatches": [ { "to": 111, "from": 53, "beatId": "2ffdc109-c03c-4d79-bfbe-40c4d285ca05", "arcName": "The Consultant's Gambit", "arcSlug": "consultants-gambit", "beatName": "Impact & Next Steps", "beatSlug": "consultants-gambit-impact-next-steps", "evidence": "The presentation concludes with a discussion of the potential impact of the proposed solution and next steps for housing finance reform", "position": 4, "confidence": 0.8, "parentBeatName": "Resolution", "parentBeatSlug": "resolution" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b9b-8504406ade5c", "docSlug": "73d490b5bd52", "documentTitle": "Fannie Mae & Freddie Mac (FNMA / FMCC)", "authorId": "01_Pershing_Square", "authorName": "William Ackman", "documentKindSlug": "conference-presentation", "documentKindLabel": "Conference presentation", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2014-05-05 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 68, "slideType": "other", "function": "analyze_data", "notes": "The slide highlights that PMI coverage is a small fraction of total mortgage originations, peaking at 15% of originations in 2007.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b9b-8504406ade5c/68", "deckHref": "/decks/019dd923-622c-750b-8b9b-8504406ade5c", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9b-8504406ade5c#slide-68", "loopMatches": [ { "to": 111, "from": 32, "name": "Cost Of Inaction", "slug": "27-cost-of-inaction", "bestFor": "Urgent budget requests, compliance, risk mitigation", "matchId": "198631e9-e687-442b-9dcb-9984e64d4f5c", "evidence": "The presentation emphasizes the potential costs to society of failing to reform the GSEs", "position": 0, "objective": "Highlight the risks of not reforming the GSEs", "structure": "The Status Quo -> The Hidden Costs Accumulating -> The Future State of Inaction -> The Tipping Point", "confidence": 0.8, "description": "Quantify what happens if the audience does nothing" } ], "arcBeatMatches": [ { "to": 111, "from": 53, "beatId": "2ffdc109-c03c-4d79-bfbe-40c4d285ca05", "arcName": "The Consultant's Gambit", "arcSlug": "consultants-gambit", "beatName": "Impact & Next Steps", "beatSlug": "consultants-gambit-impact-next-steps", "evidence": "The presentation concludes with a discussion of the potential impact of the proposed solution and next steps for housing finance reform", "position": 4, "confidence": 0.8, "parentBeatName": "Resolution", "parentBeatSlug": "resolution" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b9b-8504406ade5c", "docSlug": "73d490b5bd52", "documentTitle": "Fannie Mae & Freddie Mac (FNMA / FMCC)", "authorId": "01_Pershing_Square", "authorName": "William Ackman", "documentKindSlug": "conference-presentation", "documentKindLabel": "Conference presentation", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2014-05-05 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 69, "slideType": "key_takeaways", "function": "establish_context", "notes": "The slide uses a historical narrative to support the thesis that private capital in this sector is inherently pro-cyclical and unreliable.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b9b-8504406ade5c/69", "deckHref": "/decks/019dd923-622c-750b-8b9b-8504406ade5c", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9b-8504406ade5c#slide-69", "loopMatches": [ { "to": 111, "from": 32, "name": "Cost Of Inaction", "slug": "27-cost-of-inaction", "bestFor": "Urgent budget requests, compliance, risk mitigation", "matchId": "198631e9-e687-442b-9dcb-9984e64d4f5c", "evidence": "The presentation emphasizes the potential costs to society of failing to reform the GSEs", "position": 0, "objective": "Highlight the risks of not reforming the GSEs", "structure": "The Status Quo -> The Hidden Costs Accumulating -> The Future State of Inaction -> The Tipping Point", "confidence": 0.8, "description": "Quantify what happens if the audience does nothing" } ], "arcBeatMatches": [ { "to": 111, "from": 53, "beatId": "2ffdc109-c03c-4d79-bfbe-40c4d285ca05", "arcName": "The Consultant's Gambit", "arcSlug": "consultants-gambit", "beatName": "Impact & Next Steps", "beatSlug": "consultants-gambit-impact-next-steps", "evidence": "The presentation concludes with a discussion of the potential impact of the proposed solution and next steps for housing finance reform", "position": 4, "confidence": 0.8, "parentBeatName": "Resolution", "parentBeatSlug": "resolution" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b9b-8504406ade5c", "docSlug": "73d490b5bd52", "documentTitle": "Fannie Mae & Freddie Mac (FNMA / FMCC)", "authorId": "01_Pershing_Square", "authorName": "William Ackman", "documentKindSlug": "conference-presentation", "documentKindLabel": "Conference presentation", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2014-05-05 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 70, "slideType": "kpi_overview", "function": "analyze_data", "notes": "The chart illustrates the collapse of the private-label mortgage market following the 2008 financial crisis.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b9b-8504406ade5c/70", "deckHref": "/decks/019dd923-622c-750b-8b9b-8504406ade5c", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9b-8504406ade5c#slide-70", "loopMatches": [ { "to": 111, "from": 32, "name": "Cost Of Inaction", "slug": "27-cost-of-inaction", "bestFor": "Urgent budget requests, compliance, risk mitigation", "matchId": "198631e9-e687-442b-9dcb-9984e64d4f5c", "evidence": "The presentation emphasizes the potential costs to society of failing to reform the GSEs", "position": 0, "objective": "Highlight the risks of not reforming the GSEs", "structure": "The Status Quo -> The Hidden Costs Accumulating -> The Future State of Inaction -> The Tipping Point", "confidence": 0.8, "description": "Quantify what happens if the audience does nothing" } ], "arcBeatMatches": [ { "to": 111, "from": 53, "beatId": "2ffdc109-c03c-4d79-bfbe-40c4d285ca05", "arcName": "The Consultant's Gambit", "arcSlug": "consultants-gambit", "beatName": "Impact & Next Steps", "beatSlug": "consultants-gambit-impact-next-steps", "evidence": "The presentation concludes with a discussion of the potential impact of the proposed solution and next steps for housing finance reform", "position": 4, "confidence": 0.8, "parentBeatName": "Resolution", "parentBeatSlug": "resolution" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b9b-8504406ade5c", "docSlug": "73d490b5bd52", "documentTitle": "Fannie Mae & Freddie Mac (FNMA / FMCC)", "authorId": "01_Pershing_Square", "authorName": "William Ackman", "documentKindSlug": "conference-presentation", "documentKindLabel": "Conference presentation", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2014-05-05 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 71, "slideType": "key_messages", "function": "summarize", "notes": null, "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b9b-8504406ade5c/71", "deckHref": "/decks/019dd923-622c-750b-8b9b-8504406ade5c", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9b-8504406ade5c#slide-71", "loopMatches": [ { "to": 111, "from": 32, "name": "Cost Of Inaction", "slug": "27-cost-of-inaction", "bestFor": "Urgent budget requests, compliance, risk mitigation", "matchId": "198631e9-e687-442b-9dcb-9984e64d4f5c", "evidence": "The presentation emphasizes the potential costs to society of failing to reform the GSEs", "position": 0, "objective": "Highlight the risks of not reforming the GSEs", "structure": "The Status Quo -> The Hidden Costs Accumulating -> The Future State of Inaction -> The Tipping Point", "confidence": 0.8, "description": "Quantify what happens if the audience does nothing" } ], "arcBeatMatches": [ { "to": 111, "from": 53, "beatId": "2ffdc109-c03c-4d79-bfbe-40c4d285ca05", "arcName": "The Consultant's Gambit", "arcSlug": "consultants-gambit", "beatName": "Impact & Next Steps", "beatSlug": "consultants-gambit-impact-next-steps", "evidence": "The presentation concludes with a discussion of the potential impact of the proposed solution and next steps for housing finance reform", "position": 4, "confidence": 0.8, "parentBeatName": "Resolution", "parentBeatSlug": "resolution" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b9b-8504406ade5c", "docSlug": "73d490b5bd52", "documentTitle": "Fannie Mae & Freddie Mac (FNMA / FMCC)", "authorId": "01_Pershing_Square", "authorName": "William Ackman", "documentKindSlug": "conference-presentation", "documentKindLabel": "Conference presentation", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2014-05-05 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 72, "slideType": "thesis_headline", "function": "analyze_data", "notes": "The slide uses a dual-axis chart to show the inverse relationship between total mortgage volume and bank retention share.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b9b-8504406ade5c/72", "deckHref": "/decks/019dd923-622c-750b-8b9b-8504406ade5c", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9b-8504406ade5c#slide-72", "loopMatches": [ { "to": 111, "from": 32, "name": "Cost Of Inaction", "slug": "27-cost-of-inaction", "bestFor": "Urgent budget requests, compliance, risk mitigation", "matchId": "198631e9-e687-442b-9dcb-9984e64d4f5c", "evidence": "The presentation emphasizes the potential costs to society of failing to reform the GSEs", "position": 0, "objective": "Highlight the risks of not reforming the GSEs", "structure": "The Status Quo -> The Hidden Costs Accumulating -> The Future State of Inaction -> The Tipping Point", "confidence": 0.8, "description": "Quantify what happens if the audience does nothing" } ], "arcBeatMatches": [ { "to": 111, "from": 53, "beatId": "2ffdc109-c03c-4d79-bfbe-40c4d285ca05", "arcName": "The Consultant's Gambit", "arcSlug": "consultants-gambit", "beatName": "Impact & Next Steps", "beatSlug": "consultants-gambit-impact-next-steps", "evidence": "The presentation concludes with a discussion of the potential impact of the proposed solution and next steps for housing finance reform", "position": 4, "confidence": 0.8, "parentBeatName": "Resolution", "parentBeatSlug": "resolution" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b9b-8504406ade5c", "docSlug": "73d490b5bd52", "documentTitle": "Fannie Mae & Freddie Mac (FNMA / FMCC)", "authorId": "01_Pershing_Square", "authorName": "William Ackman", "documentKindSlug": "conference-presentation", "documentKindLabel": "Conference presentation", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2014-05-05 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 73, "slideType": "key_takeaways", "function": "summarize", "notes": null, "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b9b-8504406ade5c/73", "deckHref": "/decks/019dd923-622c-750b-8b9b-8504406ade5c", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9b-8504406ade5c#slide-73", "loopMatches": [ { "to": 111, "from": 32, "name": "Cost Of Inaction", "slug": "27-cost-of-inaction", "bestFor": "Urgent budget requests, compliance, risk mitigation", "matchId": "198631e9-e687-442b-9dcb-9984e64d4f5c", "evidence": "The presentation emphasizes the potential costs to society of failing to reform the GSEs", "position": 0, "objective": "Highlight the risks of not reforming the GSEs", "structure": "The Status Quo -> The Hidden Costs Accumulating -> The Future State of Inaction -> The Tipping Point", "confidence": 0.8, "description": "Quantify what happens if the audience does nothing" } ], "arcBeatMatches": [ { "to": 111, "from": 53, "beatId": "2ffdc109-c03c-4d79-bfbe-40c4d285ca05", "arcName": "The Consultant's Gambit", "arcSlug": "consultants-gambit", "beatName": "Impact & Next Steps", "beatSlug": "consultants-gambit-impact-next-steps", "evidence": "The presentation concludes with a discussion of the potential impact of the proposed solution and next steps for housing finance reform", "position": 4, "confidence": 0.8, "parentBeatName": "Resolution", "parentBeatSlug": "resolution" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b9b-8504406ade5c", "docSlug": "73d490b5bd52", "documentTitle": "Fannie Mae & Freddie Mac (FNMA / FMCC)", "authorId": "01_Pershing_Square", "authorName": "William Ackman", "documentKindSlug": "conference-presentation", "documentKindLabel": "Conference presentation", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2014-05-05 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 74, "slideType": "preempt_rebuttal", "function": "preempt_rebuttal", "notes": null, "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b9b-8504406ade5c/74", "deckHref": "/decks/019dd923-622c-750b-8b9b-8504406ade5c", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9b-8504406ade5c#slide-74", "loopMatches": [ { "to": 111, "from": 32, "name": "Cost Of Inaction", "slug": "27-cost-of-inaction", "bestFor": "Urgent budget requests, compliance, risk mitigation", "matchId": "198631e9-e687-442b-9dcb-9984e64d4f5c", "evidence": "The presentation emphasizes the potential costs to society of failing to reform the GSEs", "position": 0, "objective": "Highlight the risks of not reforming the GSEs", "structure": "The Status Quo -> The Hidden Costs Accumulating -> The Future State of Inaction -> The Tipping Point", "confidence": 0.8, "description": "Quantify what happens if the audience does nothing" } ], "arcBeatMatches": [ { "to": 111, "from": 53, "beatId": "2ffdc109-c03c-4d79-bfbe-40c4d285ca05", "arcName": "The Consultant's Gambit", "arcSlug": "consultants-gambit", "beatName": "Impact & Next Steps", "beatSlug": "consultants-gambit-impact-next-steps", "evidence": "The presentation concludes with a discussion of the potential impact of the proposed solution and next steps for housing finance reform", "position": 4, "confidence": 0.8, "parentBeatName": "Resolution", "parentBeatSlug": "resolution" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b9b-8504406ade5c", "docSlug": "73d490b5bd52", "documentTitle": "Fannie Mae & Freddie Mac (FNMA / FMCC)", "authorId": "01_Pershing_Square", "authorName": "William Ackman", "documentKindSlug": "conference-presentation", "documentKindLabel": "Conference presentation", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2014-05-05 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 75, "slideType": "preempt_rebuttal", "function": "preempt_rebuttal", "notes": "Uses a testimonial/quote from industry associations to bolster the argument against change.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b9b-8504406ade5c/75", "deckHref": "/decks/019dd923-622c-750b-8b9b-8504406ade5c", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9b-8504406ade5c#slide-75", "loopMatches": [ { "to": 111, "from": 32, "name": "Cost Of Inaction", "slug": "27-cost-of-inaction", "bestFor": "Urgent budget requests, compliance, risk mitigation", "matchId": "198631e9-e687-442b-9dcb-9984e64d4f5c", "evidence": "The presentation emphasizes the potential costs to society of failing to reform the GSEs", "position": 0, "objective": "Highlight the risks of not reforming the GSEs", "structure": "The Status Quo -> The Hidden Costs Accumulating -> The Future State of Inaction -> The Tipping Point", "confidence": 0.8, "description": "Quantify what happens if the audience does nothing" } ], "arcBeatMatches": [ { "to": 111, "from": 53, "beatId": "2ffdc109-c03c-4d79-bfbe-40c4d285ca05", "arcName": "The Consultant's Gambit", "arcSlug": "consultants-gambit", "beatName": "Impact & Next Steps", "beatSlug": "consultants-gambit-impact-next-steps", "evidence": "The presentation concludes with a discussion of the potential impact of the proposed solution and next steps for housing finance reform", "position": 4, "confidence": 0.8, "parentBeatName": "Resolution", "parentBeatSlug": "resolution" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b9b-8504406ade5c", "docSlug": "73d490b5bd52", "documentTitle": "Fannie Mae & Freddie Mac (FNMA / FMCC)", "authorId": "01_Pershing_Square", "authorName": "William Ackman", "documentKindSlug": "conference-presentation", "documentKindLabel": "Conference presentation", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2014-05-05 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 76, "slideType": "comparison_table", "function": "analyze_data", "notes": "The chart illustrates the shift in market dominance from private capital to GSEs following the 2008 financial crisis.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b9b-8504406ade5c/76", "deckHref": "/decks/019dd923-622c-750b-8b9b-8504406ade5c", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9b-8504406ade5c#slide-76", "loopMatches": [ { "to": 111, "from": 32, "name": "Cost Of Inaction", "slug": "27-cost-of-inaction", "bestFor": "Urgent budget requests, compliance, risk mitigation", "matchId": "198631e9-e687-442b-9dcb-9984e64d4f5c", "evidence": "The presentation emphasizes the potential costs to society of failing to reform the GSEs", "position": 0, "objective": "Highlight the risks of not reforming the GSEs", "structure": "The Status Quo -> The Hidden Costs Accumulating -> The Future State of Inaction -> The Tipping Point", "confidence": 0.8, "description": "Quantify what happens if the audience does nothing" } ], "arcBeatMatches": [ { "to": 111, "from": 53, "beatId": "2ffdc109-c03c-4d79-bfbe-40c4d285ca05", "arcName": "The Consultant's Gambit", "arcSlug": "consultants-gambit", "beatName": "Impact & Next Steps", "beatSlug": "consultants-gambit-impact-next-steps", "evidence": "The presentation concludes with a discussion of the potential impact of the proposed solution and next steps for housing finance reform", "position": 4, "confidence": 0.8, "parentBeatName": "Resolution", "parentBeatSlug": "resolution" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b9b-8504406ade5c", "docSlug": "73d490b5bd52", "documentTitle": "Fannie Mae & Freddie Mac (FNMA / FMCC)", "authorId": "01_Pershing_Square", "authorName": "William Ackman", "documentKindSlug": "conference-presentation", "documentKindLabel": "Conference presentation", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2014-05-05 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 77, "slideType": "comparison_table", "function": "analyze_data", "notes": "The chart uses an inverted Y-axis to represent spread in basis points.", "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b9b-8504406ade5c/77", "deckHref": "/decks/019dd923-622c-750b-8b9b-8504406ade5c", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9b-8504406ade5c#slide-77", "loopMatches": [ { "to": 111, "from": 32, "name": "Cost Of Inaction", "slug": "27-cost-of-inaction", "bestFor": "Urgent budget requests, compliance, risk mitigation", "matchId": "198631e9-e687-442b-9dcb-9984e64d4f5c", "evidence": "The presentation emphasizes the potential costs to society of failing to reform the GSEs", "position": 0, "objective": "Highlight the risks of not reforming the GSEs", "structure": "The Status Quo -> The Hidden Costs Accumulating -> The Future State of Inaction -> The Tipping Point", "confidence": 0.8, "description": "Quantify what happens if the audience does nothing" } ], "arcBeatMatches": [ { "to": 111, "from": 53, "beatId": "2ffdc109-c03c-4d79-bfbe-40c4d285ca05", "arcName": "The Consultant's Gambit", "arcSlug": "consultants-gambit", "beatName": "Impact & Next Steps", "beatSlug": "consultants-gambit-impact-next-steps", "evidence": "The presentation concludes with a discussion of the potential impact of the proposed solution and next steps for housing finance reform", "position": 4, "confidence": 0.8, "parentBeatName": "Resolution", "parentBeatSlug": "resolution" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }, { "docId": "019dd923-622c-750b-8b9b-8504406ade5c", "docSlug": "73d490b5bd52", "documentTitle": "Fannie Mae & Freddie Mac (FNMA / FMCC)", "authorId": "01_Pershing_Square", "authorName": "William Ackman", "documentKindSlug": "conference-presentation", "documentKindLabel": "Conference presentation", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2014-05-05 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 78, "slideType": "thesis_headline", "function": "frame_problem", "notes": null, "imagePath": null, "matchCount": 1, "evidence": null, "slideHref": "/slides/019dd923-622c-750b-8b9b-8504406ade5c/78", "deckHref": "/decks/019dd923-622c-750b-8b9b-8504406ade5c", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9b-8504406ade5c#slide-78", "loopMatches": [ { "to": 111, "from": 32, "name": "Cost Of Inaction", "slug": "27-cost-of-inaction", "bestFor": "Urgent budget requests, compliance, risk mitigation", "matchId": "198631e9-e687-442b-9dcb-9984e64d4f5c", "evidence": "The presentation emphasizes the potential costs to society of failing to reform the GSEs", "position": 0, "objective": "Highlight the risks of not reforming the GSEs", "structure": "The Status Quo -> The Hidden Costs Accumulating -> The Future State of Inaction -> The Tipping Point", "confidence": 0.8, "description": "Quantify what happens if the audience does nothing" } ], "arcBeatMatches": [ { "to": 111, "from": 53, "beatId": "2ffdc109-c03c-4d79-bfbe-40c4d285ca05", "arcName": "The Consultant's Gambit", "arcSlug": "consultants-gambit", "beatName": "Impact & Next Steps", "beatSlug": "consultants-gambit-impact-next-steps", "evidence": "The presentation concludes with a discussion of the potential impact of the proposed solution and next steps for housing finance reform", "position": 4, "confidence": 0.8, "parentBeatName": "Resolution", "parentBeatSlug": "resolution" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true } ] }