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The American Empire in a Changing World



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Wednesday, April 13, 2011

'IMF urges U.S. budget include Fannie, Freddie costs'

it would add between $3 trillion and $6 trillion dollars to the national debt.......from reuters...........


"The United States should include in its budget the cost of mortgage loan guarantees and other housing supports, the International Monetary Fund said on Wednesday in a rare criticism of its biggest shareholder.
The IMF's findings may land it squarely in the middle of a hot political debate over what to do about Fannie Mae and Freddie Mac, the mortgage finance giants that back most new housing loans".....read it here

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