Treasury Secretary Henry Paulson’s controversial proposal to have the federal government provide a just-in-case financial backstop to Fannie Mae and Freddie Mac, as well as the Federal Home Loan Banks, could cost $25 billion over a two-year period, according to a government analysis this week. On Tuesday, the Congressional Budget Office released an analysis of the Treasury proposal...
The creation of a U.S. sovereign wealth fund could grease the skids for an end to the conservatorships of Fannie Mae and Freddie Mac.
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