{"id":26578,"date":"2011-06-07T02:40:26","date_gmt":"2011-06-07T02:40:26","guid":{"rendered":"http:\/\/127.0.0.1\/site\/2017\/2\/1985\/true_cost_of_fannie_freddie_bailouts_317_billion_cbo_says\/"},"modified":"2011-06-07T02:40:26","modified_gmt":"2011-06-07T02:40:26","slug":"true_cost_of_fannie_freddie_bailouts_317_billion_cbo_says","status":"publish","type":"post","link":"https:\/\/kendallharmon.net\/?p=26578","title":{"rendered":"True Cost of Fannie, Freddie Bailouts: $317 Billion, CBO Says"},"content":{"rendered":"<p> The Congressional Budget Office (CBO) says the real cost of the federal government guaranteeing the business of failed mortgage giants Fannie Mae and Freddie Mac is $317 billion &#8212; not the $130 billion normally claimed by the Obama administration.<\/p>\n<p>In a report delivered to the House Budget Committee on June 2, the CBO said a \u201cfair value\u201d\u009d accounting of guaranteeing the two defunct mortgage companies \u201d\u201c known as Government Sponsored Enterprises (GSEs) \u201d\u201c was more than twice as high as the Office of Management and Budget had accounted for.<\/p>\n<p><a href=\"http:\/\/www.cnsnews.com\/news\/article\/true-cost-fannie-freddie-bailouts-317-bi\">Read it all<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Congressional Budget Office (CBO) says the real cost of the federal government guaranteeing the business of failed mortgage giants Fannie Mae and Freddie Mac is $317 billion &#8212; not the $130 billion normally claimed by the Obama administration. In<span class=\"ellipsis\">&hellip;<\/span><\/p>\n<div class=\"read-more\"><a href=\"https:\/\/kendallharmon.net\/?p=26578\">Read more &#8250;<\/a><\/div>\n<p><!-- end of .read-more --><\/p>\n","protected":false},"author":794,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[40,149,600,151,586,596,584],"tags":[],"class_list":["post-26578","post","type-post","status-publish","format-standard","hentry","category-economics-politics","category-economy","category-housingreal-estate-market","category-politics-in-general","category-the-2009-obama-administration-housing-amelioration-plan","category-the-credit-freeze-crisis-of-fall-2008the-recession-of-2007","category-the-u-s-government"],"_links":{"self":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/26578","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/users\/794"}],"replies":[{"embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=26578"}],"version-history":[{"count":0,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/26578\/revisions"}],"wp:attachment":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=26578"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=26578"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=26578"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}