Let the innocent pay the wrongdoers

posted by
November 13, 2011
by Timothy J Taylor  
Posted in Commentary

"Fannie Mae alone has so far sucked up $112.6 billion in funds from taxpayers since the government took full control of the firm in 2008. ... Add Freddie Mac to the mix and the total taxpayer bailout comes to more than $170 billion and counting. ... The figure could reach $193 billion and more by 2014. Who gets that $193 billion? Why, the lucky lenders, and investors of course -- the ones who got an iron clad pay back guarantee courtesy of the U.S. government. It’s the responsible taxpayers, homeowners and creditworthy borrowers who are getting the shaft." (11/13/11)


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