2008-05-20ft.com

Now, though, the CBO says the last version of the bill it analysed will cost $2.7bn over five years. Any major investment dealer would be happy if their future housing finance-related losses could be limited to $2.7bn over five years.

We are actually suspicious of these estimates. If prices do not recover sufficiently, the losses may be closer to the sticker price of the program.



Comments: Be the first to add a comment

add a comment | go to forum thread