7 million good salaries will be psosibly going into bailing out the government-private hybrid. And Democrat believers think heavy gov't regulation works?!! Please explain, or shaddup, better.
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Fannie Mae, Freddie Mac bailouts could hit $363 billion, report says
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That figure, projected through 2013, represents a worst-case scenario that assumes a double-dip recession, the Federal Housing Finance Agency says. The finance giants have so far received about $148 billion in taxpayer funds.
By Jim Puzzanghera, Los Angeles Times
October 21 2010, 8:27 AM PDT
Reporting from Washington -- The taxpayer bailouts of housing finance giants Fannie Mae and Freddie Mac could cost as much as $363 billion through 2013, according to government projections released Thursday.
The complete article can be viewed at:
http://www.latimes.com/business/la-fi-fannie-freddie-bailouts-20101022,0,5250999.story
Visit latimes.com at http://www.latimes.com
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