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Tag: Freddy Mac

Early Estimates of Bailout Range to $100 Billion

The independent Congressional Budget Office has announced the expected federal taxpayer bailout of Fannie Mae and Freddie Mac will appear as a $25 billion budget expense, but that the real bill could be anywhere from zero to $100 billion. This, even though the once-governmental agencies were formally privatized in 1968.

Posted on Jul 22, 2008 READ MORE


Did Bush Put a Hit Out on Fannie, Freddy?

From madcap marketeer Jim Cramer to wired alt-blogger Scott Thill, there are more than a few braniacs who believe the Bush White House did not just watch the collapse of Fannie Mae and Freddy Mac but actually engineered it as yet another sortie in the long GOP war against the New Deal. Never fear, though, as The Onion has already written a satirical report on efforts to build a better bubble.

Posted on Jul 21, 2008 READ MORE


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