News, analysis and personal reflections on the markets & the financial sector

Tuesday, July 22, 2008

Cost of Bailout of Loan Giants Is Estimated at $25 Billion

The Congressional Budget Office said the proposed rescue of Fannie Mae and Freddie Mac will appear on the federal budget as a $25 billion cost to taxpayers.

more at http://www.nytimes.com/2008/07/23/business/economy/23treasury.html

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