Peter Orszag, CBO director, said: “It is the CBO view that Fannie Mae and Freddie Mac should be directly incorporated into the federal budget.”
-Peter R. Orszag, 09SEP08
Orszag said it's most likely that the companies will remain afloat and the government won't have to put up any money, but there's a very small possibility that Treasury will have to step in to help cover losses at Fannie and Freddie topping $100 billion. The $25 billion estimate reflects his office's best guess of how big a federal infusion would be needed.
-Peter R. Orszag, 22JUL08
Brick Oven calls for the arrest of Peter Orszag on the charge of grand theft. Brick Oven would be satisfied with a plea deal, that involves some jail time, so long as he cooperates completely to expose what happened at the housing banks.