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      "text": "We continue to believe that a reformed Fannie and Freddie is the only viable solution for mortgage finance reform",
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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' fixed-income arbitrage business\nSubject the GSEs to substantially increased regulatory oversight\nDevelop appropriate compensation and governance policies",
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