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CBO’s Budgetary Treatment of Fannie Mae and Freddie Mac
Damien Moore (au); Douglas W. Elmendorf (pf)
After the U.S. government assumed control in 2008 of Fannie Mae and Freddie Mac — two federally chartered institutions that provide credit guarantees for almost half of the outstanding residential mortgages in the United States — the Congressional Budget Office (CBO) concluded that the institutions had effectively become government entities whose operations should be included in the federal budget. As a result, CBO incorporated estimates of the budgetary costs of the two entities in the baseline budget projections it published in 2009. This background paper describes CBO’s budgetary treatment of Fannie Mae and Freddie Mac and the methods CBO used to estimate their costs. Charts and tables.
Suggestions of Abuse: True & False Memories of Childhood Sexual Trauma
Mammoth Book of Cats: A Collection of Stories, Verse & Prose
Guide to Metal Toys
Baby Bonding: Giving Your Child a Secure Start to Life
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