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Economy
In reply to the discussion: STOCK MARKET WATCH -- Friday, 4 May 2012 [View all]Demeter
(85,373 posts)16. WANT A MONEY QUOTE?
The letter cites presentations in which Fannie officials estimated that the program would cost $1.7 million, while the benefits could have saved more than $410 million. Despite its approval by a company risk officer in April 2010, the program was killed that July, and the documents provide no clear explanation why, Cummings said.
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