Effective October 1, 2002, for borrowings and investments with the BPD and borrowings from the Federal Financing Bank (FFB), agencies will report amounts consistent with those reported by these central fiduciary agencies, except as noted above.

WHITEHOUSE: M-03-01, Business Rules for Intragovernmental Transactions, Attachment B | The White House

And Democratic National Committee Chairman Howard Dean has attacked his reputation as a reformer over the past week, accusing McCain of trying to evade federal spending limits by opting out of public financing after using the promise of federal funds to obtain a bank loan and automatic ballot access for his primary campaign.

CNN: McCain wins GOP nomination; Huckabee bows out

Now, with the blessing of federal regulators, GM can get financing via its own bank subsidiary at half the cost of what it would pay investors to take bonds off its hands.

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