Fannie Mae and Freddie Mac Run Up Huge Tab for Taxpayers
So, remember that whole bailout thing that began a couple of years ago? It’s not over yet, at least not when it comes to those delinquent housing giants Fannie Mae and Freddie Mac. According to new government projections, the Fannie and Freddie bailout fiasco could run up a $363 billion bailout bill for taxpayers through 2013. And as The Los Angeles Times reported Thursday, taxpayers are now the proud owners of almost 80% of both companies—lucky us!
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on October 21, 2010. Filed under