U.S. to Lose $400 Billion on Fannie, Freddie, Wallison Says

U.S. to Lose $400 Billion on Fannie, Freddie, Wallison Says – Betty Liu and Matthew Leising

12-31-09 (Bloomberg) – Taxpayer losses from supporting Fannie Mae and Freddie Mac will top $400 billion, according to Peter Wallison, a former general counsel at the Treasury who is now a fellow at the American Enterprise Institute.

“The situation is they are losing gobs of money, up to $400 billion in mortgages ….. Read More