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  "documentTitle": "Fannie Mae & Freddie Mac (FNMA / FMCC)",
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  "authorName": "William Ackman",
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      "text": "The primary goals of the recent proposals are to maintain the availability and affordability of the 30-year, fixed-rate, prepayable mortgage while protecting taxpayers from bearing the cost of a housing downturn",
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      "text": "Capital from the private sector serves as 10% first-loss credit protection for eligible MBS\nU.S. government provides an explicit credit guarantee for eligible MBS that is only utilized after first-loss private capital has been exhausted\nFannie and Freddie are wound down and their role in the marketplace eliminated",
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