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.

“It is the mother of all bailouts,â€