White House lowballed Fannie and Freddie bailouts

The Congressional Budget Office says the ongoing Fannie Mae and Freddie Mac bailouts have cost $317 billion, more than twice what the White House says they cost ($130 billion). (The key calculation is on page 11 here.)

And that’s not counting the $400 billion in no-bid contracts. That’s a lot of money channeled into two organizations run almost entirely by liberals.

(Via Hot Air.)

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