Fannie Mae and Freddie Mac Will Draw Up To $363 Billion Through 2013

Taxpayers will pay a very stiff price for allowing the government to over-encourage homeownership. Yesterday, the Federal Housing Finance Agency released estimates that through 2013, Fannie Mae (FNMA) and Freddie Mac (FMCC) will draw between $221 billion and $363 billion from the Treasury under three different economic scenarios. Since they were taken over on [...]
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