The Real Cost of a Full Bailout | WHAT REALLY HAPPENED


The Real Cost of a Full Bailout

A recent study from the Congressional Budget Office (CBO) has zero credibility. It pegged likely taxpayer losses in the Fannie Mae and Freddie Mac bailouts at $25 billion. For those with a sense of history, it is worth remembering that the S&L bailout had a $160 billion price tag. The numbers diverge so far from reality as to be laugh-out-loud funny. Funny, that is, except that the CBO estimate demonstrates a willful disconnect with the actual consequences of federal government actions.

Webmaster's Commentary: 

"For those with a sense of history, it is worth remembering that the S&L bailout had a $160 billion price tag. "

"If the people were to ever find out what we have done, we would be chased down the streets and lynched." -- George Bush, cited in the June, 1992 Sarah McClendon Newsletter

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