The Last Chance Of Freedom : Fannie & Freddie Would Need Another $100 Billion From Taxpayers For Obama's Proposed Mortgage Writedown

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Tuesday, January 24, 2012

Fannie & Freddie Would Need Another $100 Billion From Taxpayers For Obama's Proposed Mortgage Writedown

Mike "Mish" Shedlock

Fannie Mae and Freddie Mac have already cost US taxpayers over $200 billion. If Obama gets his way on mortgage writedowns, the GSEs estimate it would take another $100 billion.

Since such estimates are always overly-optimistic by a factor of 3 to 10, I estimate the cost to taxpayers would be $300 billion minimum.

Elections have consequences, so it is important that voters who want to save our democracy, should v

Tuesday, January 24, 2012

Fannie & Freddie Would Need Another $100 Billion From Taxpayers For Obama's Proposed Mortgage Writedown

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