And, who says $25 mil will be enough?
CBO numbers assume Fannie Mae and Freddie Mac won't exceed the $85 billion in fair value losses on their balance sheets, agency officials told reporters in Washington today. The CBO said today it's taking into account an almost 5 percent chance credit losses may reach $100 billion.
Both Republicans and Democrats are uneasy about Treasury Secretary Henry Paulson’s plan, as a result.
Remember the S&L bailout of the 1980s? We heard the same story, at first, that the bailout costs wouldn’t be that bad.
Well, color me skeptical, if not highly skeptical, too.
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