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OPINION

Fannie Mae, Freddie Mac Bailout Expected to Rise to $154 billion

Townhall Staff
Townhall Staff | Oct 22, 2010
The opinions expressed by columnists are their own and do not necessarily represent the views of Townhall.com.
The bailout of Fannie Mae and Freddie Mac is likely to cost taxpayers an additional $19 billion and may cost as much as $124 billion more if the economy starts shrinking again, according to a government projection released Thursday.
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The rescue of the mortgage giants, which has helped keep the housing market alive amid economic crisis and recession, already has a price tag of $135 billion. The money went to cover losses on defaulted home loans.

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