Truly speaks for itself....and you people keep re-electing Barney Frank. We get what we deserve....
Fannie, Freddie bailout could double, regulator says:
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 companies' federal regulator.
Fannie and Freddie, the federally-controlled mortgage finance 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, the Federal Housing Finance Agency said."
Thursday, October 21, 2010
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