Anger is a legitimate emotion in the face of injustice. Passive acceptance of evil is not a virtue.
Wednesday, June 30, 2010
Fannie-Freddie Bailout Could Cost Taxpayers $1 Trillion
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.
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