Thursday, 22 July 2010

Moneynews

Breaking News from Moneynews.com


Taxpayer Tab for Fannie, Freddie, Other Housing Bulges by $700 Billion


Increased housing commitments swelled U.S. taxpayers' total support for the financial system by $700 billion in the past year to around $3.7 trillion, due largely to the government's pledges to supply capital to Fannie Mae and Freddie Mac and to guarantee more mortgages to the support the housing market.


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