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Sunday, February 13, 2011

Fannie, Freddie bailout: $153 billion ... and counting

CNN Money
By Chris Isidore, senior writerFebruary 11, 2011: 1:48 PM ET


NEW YORK (CNNMoney) -- When the dust settles, the federal bailout of Fannie Mae and Freddie Mac will be the most expensive government rescue of the financial crisis -- it already stands at $153 billion and counting.

Even as the Obama administration unveiled its plan for reforming the firms, experts agree taxpayer losses are going to continue to climb, no matter what Congress eventually decides to do with them.

For the full article click the link above
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27 comments:

  1. DudemeisterFebruary 13, 2011 at 12:55 PM

    It's just amazing how governments throw these ridiculous amounts of money around.

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  2. gcphillips1February 13, 2011 at 1:19 PM

    "no matter what Congress eventually decides" is never a good thing to hear when you're dealing with the innocent public's money

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  3. The GovernorFebruary 13, 2011 at 1:35 PM

    *tisk* *tisk* when will they ever learn.

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  4. WarlawFebruary 13, 2011 at 1:58 PM

    After watching some videos made specifically by economists, it appears that within this year, the economic system is going to collapse. Most agree that this will only continue for 6 months to a year until a new economy type can be put into place. Hope you are stocking up on rice and toilet paper haha.

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  5. Come At Me BroFebruary 13, 2011 at 1:59 PM

    Nice info!

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  6. Bobby JenkinsFebruary 13, 2011 at 2:14 PM

    wtf?? ill keep that shit

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  7. JordanFebruary 13, 2011 at 3:29 PM

    where do they get $153 billion dollars from someone explain

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  8. ChrisFebruary 13, 2011 at 4:53 PM

    They are all crooks!!

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  9. TheRogueFebruary 13, 2011 at 6:23 PM

    And yet all the exec's are probably still getting their muti-million dollar bonuses each year!

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  10. Art VandelayFebruary 13, 2011 at 10:20 PM

    The treasury will end up turning a profit on all the TARP programs. Following and Supporting.

    http://atweveryday.blogspot.com

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  11. vdubFebruary 14, 2011 at 1:13 AM

    this is why i left the country

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  12. shadiFebruary 14, 2011 at 5:59 AM

    I think that financial problems will remain.

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  13. T. BanacekFebruary 14, 2011 at 7:51 AM

    Good god. Another bailout?

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  14. Mike YangFebruary 14, 2011 at 9:58 AM

    @art: THANK you

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  15. JRFebruary 14, 2011 at 2:17 PM

    Well at least its not $200 billion spent to date I guess...

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  16. Dr.ThraxFebruary 14, 2011 at 11:59 PM

    so much money

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  17. pizzafuckyesFebruary 15, 2011 at 12:00 AM

    these look bad

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  18. Port Forward KingFebruary 15, 2011 at 12:00 AM

    Great blog!

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  19. Master ManiacalFebruary 15, 2011 at 12:04 AM

    Well just as long as it's China's paying ;)

    I know these companies are being held accountable for the money 'loaned' to them. BoA had to pay back the 45 billion it borrowed from taxpayers and on top of that all through 2010 there were all kinds of fees. Though 90% of those fees were from Ken Lewis's fantastic accounting team(sarcasm)

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  20. Astronomy PirateFebruary 15, 2011 at 12:13 AM

    don't worry, soon the college bubble will collapse and then the whole system will be screwed.

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  21. AnonymousFebruary 15, 2011 at 12:16 AM

    Good information man

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  22. metalpark_73189February 15, 2011 at 12:21 AM

    Damn gov't always fuckin us over man, i wouldn't be surprised if the event that happened in Egypt happens here in the US.

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  23. D22 ZoneFebruary 15, 2011 at 3:26 AM

    Oh Obama, what have you done now?

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  24. obiFebruary 15, 2011 at 6:26 AM

    i would be very surprised considering the average level of political conciousness is in the U.S.

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  25. InnovationsFebruary 15, 2011 at 5:24 PM

    Fannie Mae and Freddie Mac can suck a fat one

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  26. ZachFebruary 15, 2011 at 9:35 PM

    Keep up the good work bro!

    -Zach
    http://evanztories.blogspot.com
    http://ducks2nucks.blogspot.com

    ReplyDelete
  27. Dr.ThraxFebruary 24, 2011 at 2:00 AM

    mmm, the usa is controlled with distractions. As are we Canadians.

    ReplyDelete

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