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Deborah Lucas
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What Is the True Cost of Government-Backed Credit?

(1) Comments | Posted April 22, 2013 | 4:00 PM

The U.S. government is arguably the largest financial institution in the world. If you add the outstanding stock of government loans, loan guarantees, pension insurance, deposit insurance and the guarantees made by federal entities such as Fannie Mae and Freddie Mac, you get to about $18 trillion of government-backed credit....

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