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  "documentTitle": "Fannie Mae & Freddie Mac (FNMA / FMCC)",
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  "authorName": "William Ackman",
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      "text": "We estimate that the retention of the GSEs’ earnings will allow them to become fully capitalized in no more than a decade. There are several potential alternatives to capitalize them more quickly",
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      "text": "Treasury converts its remaining $65bn of preferred stock into common stock at a share price that reflects the GSEs’ value",
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      "text": "Potential Alternatives to Build Capital More Quickly",
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