Fannie Mae & Freddie Mac (FNMA / FMCC)

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primary pull-quote source-note headline

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quote: "While GSE revenues and earnings are significantly higher now vs pre-GFC levels driven by much higher guarantee fees and meaningfully larger guarantee portfolios, required minimum capital levels have increased far

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authority-citation 90%

Uses an analyst firm quote to validate a specific policy recommendation.

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The slide uses a direct analyst quote to validate the activist's proposed capital requirement.