We suspect the real reason the White House wants Fan and Fred off budget is to disguise their real costs to taxpayers. They have become off-the-books subsidy engines for the housing lobby, and it is easier to push off the recognition of their losses to some future Administration and Congress rather than pay for them today. The new age of transparency has once again died aborning.
Related posts:
[...] This post was mentioned on Twitter by Jewish Leadership and Eye on Freedom, Eye on Liberty. Eye on Liberty said: Obama Hides The Cost Of Bailing Out Fannie And Freddie http://bit.ly/9RazX0 [...]