In today's industry news: "The Federal Housing Finance Agency Thursday morning released new estimates on the ultimate cost of bailing out Fannie Mae and Freddie Mac, cutting its worst case scenario projection to $311 billion from $363 billion.... "
Sorta like it's nothing!
Ya know, it's almost like these guys have lost all perspective on what a Million dollars is - BTW it's a 9" high stack of $1,000 bills vs. a Billion dollars which comes in at the height of the Empire State Building! It's almost always accounting tricks anyway.
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