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Headline: “True cost of Fannie/Freddie bailout more than twice Obama administration claim”
Excerpt: “...By the CBOs calculation, the cost of the bailouts reaches $317 billion, more than twice the White House estimate...”
So is it a claim as in statement of fact by Obama Admin., or is it an estimate? C’mon Ed. You’re a favorite around here. Let’s get it straight. “Estimates”=wiggle room. That’s a lot of wiggling, but it’s the Democrat worms doin’ the wiggling.
Obama has more than doubled our debt and now even on the items he controls, can’t add the figures to within a third of their value. Nobody associated with this Administration is worthy of any professional trust, nor even that afforded a competent local salesman.
Next up: FHA, which is making loans at 3.5% down. It has taken over from Freddie and Fannie as the government’s property pimp in an attempt to keep prices up and forestall the day of reckoning for the banks (and the Fed, who has bought a lot of mortgage backed paper whose value is very senstitive to housing price and default levels).
No words of truth ever come from the mac daddy administration, ever.
The Fed is real heavy into loaning the U.S. government money. Failure of that Ponzi scheme is gonna stink for a long time.
An yea! Barney Frank, along with Chris Dodd and all the other liberals that forced banks to make bad loans, through Fannie Mae and Freddie Mac regulations, should go to jail. That includes Janet Rino!