He makes arguments against the Congressional Budget Office, the Department of the Treasury, and the Federal Reserve, all of which had suggested – based on the same information available to Stiglitz when he wrote his paper – that implicit guarantees to Fannie Mae were potentially costly.
Und Stiglitz bringt Argumente gegen das Congressional Budget Office, das US-Finanzministerium und die US-Notenbank Federal Reserve vor, die – auf der Basis derselben Informationen, die Stiglitz bei der Abfassung seiner Studie vorlagen – sämtlich nahegelegt hatten, das stillschweigende Garantien gegenüber Fannie Mae potenziell kostspielig wären.