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.Fannie-Freddie Bailout Could Cost Taxpayers $1 Trillion
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.
Tuesday, June 29, 2010
Big Government: "Some of us who don’t even own homes are paying to support others and their home ownership..."
Labels:
big government,
Fannie Mae,
Freddie Mac,
homeowners,
real estate,
taxpayers
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