Cost of the Fannie, Freddie Bailout

According to the National Association of Realtors®, the government estimated last week that the bailout of Fannie Mae and Freddie Mac is likely to cost U.S. taxpayers $154 billion. This is more than originally estimated, but less than what the government called a worse-case scenario.

Fannie and Freddie have already withdrawn $135 billion. They are expected to seek another $19 billion by 2013 to offset mortgage crisis losses.

"It cost a lot less than what people feared, largely because the economy has stabilized," Moody's Chief Economist Mark Zandi says.
  • October 31 2010 - US
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