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  "documentTitle": "Fannie Mae & Freddie Mac (FNMA/FMCC)",
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  "authorName": "William Ackman",
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      "kind": "callout",
      "text": "Government-granted benefits that do not serve a vital purpose for the mortgage market should be eliminated",
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      "text": "(1) The proposed 2.5% capital ratio would be inclusive of any additional capital buffer required due to SIFI designation...",
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      "text": "Exemption from SEC registration of debt and MBS; UST line of credit that authorizes up to $2.25bn of GSE obligations; Exemption of GSE securities from Volcker rule; Lack of exposure limits for banks; Exemption from FSOC review for SIFI status",
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      "text": "Limit Government-Granted Benefits",
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