Monday, June 06, 2011

True cost of Fannie/Freddie bailout more than twice Obama administration claim

True cost of Fannie/Freddie bailout more than twice Obama administration claim: "The CBO has a problem with the Office of Management and Budget’s calculation on the cost of the Fannie Mae/Freddie Mac bailouts, and it’s no small calculation error. OMB has calculated the costs of the bailout at $130 billion, a number repeated on occasion by the Obama administration. By the CBO’s calculation, the cost of the bailouts reaches $317 billion, more than twice the White House estimate:"

No comments:

Post a Comment

Note:
The 'Reader Responses; shown on many posts/articles are almost always worthwhile reading.

Often, the comments by readers enhance the posted article greatly, and are informative and interesting.

Hopefully, all will remember to read the reader comments, and post their own as well.
Thanx
*****