Wednesday, September 24, 2008

Who Pays for Wall Street’s $700 Billion Bailout?

Even though the government has now formally agreed to guarantee the debt of Fannie and Freddie, the White House says it doesn't see the necessity—shock me!—to include the cost of doing so in the budget. But have you heard anyone in authority asking about the $700 billion bailout: how do you propose to pay for it?

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