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July 22, 2008 $25 Billion Bailout

The Congressional Budget Office has scored the Bush administration's Fannie Mae and Freddie Mac bailout and estimates that it will cost $25 billion over the next two years. But they also said that there is a good chance - "probably better than 50 percent" - that the plan's bazooka effect will be enough and the bailout plan wont't have to be used at all, thus having no costs. More...


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Jim Bunning is one of the most-viewed Senators.

popular senator Jim Bunning (R-KY) is leading opposition in the Senate to the Bush administration's plan to bail out GSEs Fannie Mae and Freddie Mac by . At a hearing with Treasury Secretary Henry Paulson last week he said, “When I picked up my newspaper yesterday, I thought I woke up in France. But no, it turns out socialism is alive and well in America. The Treasury Secretary is asking for a blank check to buy as much Fannie and Freddie debt or equity as he wants.” He has threatened to filibuster the bill when it hits the floor.

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Charles Rangel is one of the most-viewed Representatives.

popular representative Charles Rangel (D-NY) recently called on the House ethics committee to investigate claims that he solicited funds for "The Rangel Center" at City College in New York in violation of House rules. "The review should be done as soon as possible so as to clear up any misunderstandings regarding my efforts to convene a meeting to discuss partnerships between educational institutions and the private sector," Rangel said in a statement.

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