March 27, 2008

Fannie & Freddie-Taxpayers to bailout Housing Industry

The two government-sponsored entities, Fannie Mae & Freddie Mac, are now forcing taxpayers to take more risk in real estate. Now you don't even have to be shopping for a home to take that risk. You just have to be a taxpayer. Fannie and Freddie currently guarantee $5 trillion-worth of mortgages. New guidelines allow them to add $2 trillion more.

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