Thursday, October 21, 2010

Fannie Mae and Freddie Mac trying to survive billions of taxpayers’ money

The U.S. housing finance companies Fannie Mae and Freddie Mac need to survive many more billions of taxpayers’ money. In the next three years, the government needs to rise up to 215 billion dollars for the two companies, said the U.S. regulatory authority responsible FHFA.
The lower limit of the additional financial needs, they amounted to 73 billion dollars. So far, the U.S. government has already put 148 billion in Fannie Mae and Freddie Mac, which are under state supervision since Septemb

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