Fannie Mae loss widens, asks taxpayers for $7.8B
"Taxpayers have spent about $169 billion to rescue Fannie and Freddie, the most expensive bailout of the 2008 financial crisis. The government estimates that figure could reach up $220 billion to support the companies through 2014 after subtracting dividend payments.
Fannie has received $112.6 billion so far from the Treasury Department, the most expensive bailout of a single company."[/quote]
Largest bailout of any single company? Why, based on the logic I hear OWS is based on, the Occupy Fannie Mae Headquarters in Washington, DC should dwarf that of the New York protest.
Surely there is one, right?
Largest, and still needing more. [/quote]
Oh, and take note:
"The Obama administration unveiled a plan earlier this year to slowly dissolve the two mortgage giants. The aim is to shrink the government’s role in the mortgage system, remaking decades of federal policy aimed at getting Americans to buy homes. It would also probably make home loans more expensive.
Exactly how far the government’s role in mortgage lending would be reduced was left to Congress to decide. But all three options the administration presented would create a housing finance system that relies far more on private money…