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.
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,” said Edward Pinto, a former chief credit officer at Fannie Mae, who is now a consultant to the mortgage-finance industry."

at http://globaleconomicanalysis.blogspot.com/2010/06/fannie-freddie-mother-of-all-bailouts.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+MishsGlobalEconomicTrendAnalysis+%28Mish%27s+Global+Economic+Trend+Analysis%29

No comments:

Post a Comment