Posted on Friday, November 5, 2010
The government estimated last week that the bailout of Fannie Mae and Freddie Mac is likely to cost U.S. taxpayers $154 billion. This is more than originally estimated, but less than what the government called a worse-case scenario.
Fannie and Freddie have already withdrawn $135 billion. They are expected to seek another $19 billion by 2013 to offset mortgage crisis losses.
"It cost a lot less than what people feared, largely because the economy has stabilized," Moody's Chief Economist Mark Zandi says.Source: USAToday, Paul Dividson