the Public even FUR 85% Note: Data are inflation adjusted.* Net liabilities of GSEs assumes 50% loss ratio on $250B delinquent loans held by Fannie KP Mae / Freddie Mac. Data source: Dept. of Treasury, White House Office of Management and Budget. (@E) www.kpcb.com USA Inc. | Appendix 456 HOUSE_OVERSIGHT_021069 Gros