Posted by Sean Doyle, October 21, 2010
Cartoon courtesy of Dave Granlund. The FHA announced today that the taxpayer bailouts of Fannie and Freddie could cost another $363 billion through 2013 in a worst case scenario (i.e: double dip recession). This is in addition to the $148 billion in taxpayer dough that's already been spent since the government seized the bloated old couple. That's only half a trillion dollars! That's not so bad. Why's everyone freaking out? It's not like our government is running deficits or our debt to GDP levels are reaching scary levels....
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