For American taxpayers, now on the hook for some $145 billion in housing losses connected to Fannie Mae and Freddie Mac loans, that amount could be just the tip of the iceberg.
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For American taxpayers, now on the hook for some $145 billion in housing losses connected to Fannie Mae and Freddie Mac loans, that amount could be just the tip of the iceberg.
Congress may be making progress crafting new regulations for the financial-services industry, but it has yet to begin reforming two institutions that played a key role in the 2008 credit crisis�Fannie Mae and Freddie Mac.
Source:
http://online.wsj.com/article/SB10001424052748704342604575222110918360260.html?mod=wsj_share_digg
In The Wall Street Journal, Peter Wallison notes that taxpayers are on the hook for about $400 billion, partly because then Sen.
Barack Obama helped to block reform of Fannie Mae and Freddie Mac.
Source:
http://online.wsj.com/article/SB10001424052748704671904575193910683111250.html?mod=rss_opinion_main