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.
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.