Fannie Mae, Freddie Mac Bailouts Could Hit $363 Billion, Report Says

Los Angeles Times - Top News, Los Angeles Times
Thu, 10/21/2010 - 8:27am

Fannie Mae, Freddie Mac bailouts could hit $363 billion, report says

That figure, projected through 2013, represents a worst-case scenario that assumes a double-dip recession, the Federal Housing Finance Agency says. The finance giants have so far received about $148 billion in taxpayer funds.The taxpayer bailouts of housing finance giants Fannie Mae and Freddie Mac could cost as much as $363 billion through 2013, according to government projections released Thursday.

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