True Cost of Fannie, Freddie Bailouts: $317 Billion, CBO Says

[Timna]

True Cost of Fannie, Freddie Bailouts: $317 Billion, CBO Says

(CNSNews.com) – 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.

In a report delivered to the House Budget Committee on June 2, the CBO said a “fair value” accounting of guaranteeing the two defunct mortgage companies – known as Government Sponsored Enterprises (GSEs) – was more than twice as high as the Office of Management and Budget had accounted for.

True Cost of Fannie, Freddie Bailouts: $317 Billion, CBO Says | CNSnews.com

[GlennO]

That is likely half the true cost.....

[micah719]

They're forgetting the cascade of disasters unleashed by this Democrat-instigated and Republican-abetted synthetic crisis. More to follow, the "Joseph process" of enslavement is not yet complete.