Friday, January 1, 2010

$400 Billion Down the Toilet

That swirling sound you hear is $400 billion going down the toilet. US Taxpayers are going to lose $400 billion on the bailout of Fannie Mae and Freddie Mac. Exactly what did taxpayers get for this bailout?

Dec. 31 (Bloomberg) -- Taxpayer losses from supporting Fannie Mae and Freddie Mac will top $400 billion...

1 comment:

Anonymous said...

But look at the bright side! Thousands of irresponsible homeowners continue to live high on the hog and the irresponsible mortgage brokers who enable them are probably enjoying a wonderful vacation in some warm exotic climate.