Fannie Mae keeps getting bailed out…

So far our illustrious government has paid 84 Billion dollars to Fannie Mae & 61 Billion dollars to Freddie mac to help cover their losses in the housing crisis.

Actually, let me rephrase that. American TAXPAYERS have paid 84 billion dollars to Fannie Mae & 61 Billion dollars to Freddie Mac to help cover their losses in the housing crisis.

So the government bails them out, taxpayers bail them out, and they just continue to foreclose, lose another $50,000 per house, and then foreclose again…and why not, their tab keeps getting paid!

Related posts:

1. Fannie Mae – Freddie Mac Bailout could cost $685 Billion…
2. Fannie Mae needs 8.4 Billion dollars???
3. Fannie Mae looking for 2.5 Billion more…
4. Another Mortgage Crisis on the Horizon?
5. Fannie Mae Cracking down on Foreclosures!!