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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: DebtBomb who wrote (135796)	7/22/2008 7:32:04 PM
From: NOW	Read Replies (1) \| Respond to of 306849

yeah, why not. lets nationalize everything. clownbucks are on the house

To: DebtBomb who wrote (135796)	7/22/2008 11:19:16 PM
From: Sr K	Read Replies (1) \| Respond to of 306849

>>This week, Congress is expected to vote on housing legislation that includes Paulson's plan, which a GAO report said is likely to cost the government $25 billion. But $25 billion -- or even the GAO's worst-case $100 billion estimate ... << I can't find any such GAO report. Maybe he means the CBO. But that article, and the AP, distorted the CBO report. Here's Orszag's 7/22/08 2-page letter and the CBO 8-page Report. cbo.gov Excerpts: - The Congressional Budget Office (CBO) estimates that there is a significant chance—probably better than 50 percent—that the proposed new Treasury authority would not be used before it expired at the end of December 2009. - Taking into account the probability of various possible outcomes, CBO estimates that the expected value of the federal budgetary cost from enacting this proposal would be $25 billion over fiscal years 2009 and 2010. That estimate accounts for both the possibility that federal funds would not have to be expended under the new authority and the possibility that the government would have to use that authority to provide assistance to the GSEs.