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  "documentTitle": "Fannie Mae & Freddie Mac (FNMA / FMCC)",
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  "authorName": "William Ackman",
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      "text": "The best way to maintain widespread availability and affordability of the 30-year, fixed-rate, prepayable mortgage and provide substantial profit to the taxpayer is to reform the GSEs",
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      "text": "If the GSEs increase their capital levels and become pure mortgage guarantors, they can be a simple, low-risk, and effective solution for housing finance reform",
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      "text": "Significantly increase the GSEs’ capital requirements\nEliminate the GSEs’ FIA business\nSubject the GSEs to substantially increased regulatory oversight\nDevelop appropriate compensation and governance policies",
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      "text": "Our Recommendation is to Reform, Not Liquidate, the GSEs",
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