Tuesday, June 29, 2010

Big Government: "Some of us who don’t even own homes are paying to support others and their home ownership..."

For American taxpayers, now on the hook for some $145 billion in housing losses connected to Fannie Mae and Freddie Mac loans, that amount could be just the tip of the iceberg.

According to the Congressional Budget Office, the losses could balloon to $400 billion. And if housing prices fall further, some experts caution, the cost to the taxpayer could hit as much as $1 trillion.
Fannie-Freddie Bailout Could Cost Taxpayers $1 Trillion

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