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06-16-2010, 12:28 AM #1
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Fannie, Freddie "Mother of all Bailouts" may cost
Tuesday, June 15, 2010
Fannie, Freddie "Mother of all Bailouts" may cost Taxpayers $1 Trillion
The estimated taxpayer costs of the GSE bailouts grows by the day and has now hit as much as $1 trillion.
Please consider Fannie-Freddie Fix at $160 Billion With $1 Trillion Worst Case. http://www.bloomberg.com/apps/news?pid= ... Jas&pos=10
The cost of fixing Fannie Mae and Freddie Mac, the mortgage companies that last year bought or guaranteed three-quarters of all U.S. home loans, will be at least $160 billion and could grow to as much as $1 trillion after the biggest bailout in American history.
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