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IPFS News Link • Housing

Fannie-Freddie Bailout Could Cost Taxpayers $1 Trillion

06-29-2010 • CNBC.com

According to the Congressional Budget Office, the losses could balloon to $400 billion. And if housing prices fall further, the cost to the taxpayer could hit as much as $1 trillion. Two things are clear: Taxpayers don’t want to foot the bill, and Fannie and Freddie, taken over by the government in 2008 to stanch the financial bloodletting, need a major overhaul.

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Reported By Jack Gregson

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