How to Hide Billions in Taxpayer Money and Get Away With It

It’s jaw-dropping that such massive flows of taxpayer money could be kept outside the federal budget

Amy Payne, --March 17, 2014

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Spine-tingling TV shows and movies are always featuring spy capers that are “off-book.” Their existence is on a need-to-know basis, and sure, they’re being funded, but no one sees where that money’s going.
There’s a very real, very expensive—and a lot less thrilling—off-book operation going on in Washington. The Treasury is keeping Fannie Mae and Freddie Mac, the taxpayer-backed loan guarantee giants, off the federal budget. More...

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