Monday, June 6, 2011

TRUE COST OF FANNIE, FREDDIE BAILOUTS: $317 BILLION

http://www.cnsnews.com/news/article/true-cost-fannie-freddie-bailouts-317-bi

The Congressional Budget Office (CBO) says the real cost of the federal government guaranteeing the business of failed mortgage giants Fannie Mae and Freddie Mac is $317 billion — not the $130 billion normally claimed by the Obama administration.

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