Thursday, October 21, 2010

Fannie Mae and Freddie Mac Bailout Could Cost Twice As Much

The federal bailout for Fannie Mae and Freddie Mac could more than
double in size during the next three years, according to projections
from the Federal Housing Finance Agency.

The federally controlled mortgage giants will likely need at
least another $73 billion and perhaps as much $215 billion from
taxpayers in the next three years to meet their financial obligations.

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