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 estimateEat your heart out Enron.
Monday, June 06, 2011
True cost of Fannie/Freddie bailout more than twice Obama administration claim
Hot Air reports: