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Fannie Mae seeks $5.1 billion more from taxpayers

Mortgage finance giant Fannie Mae said it would ask for an additional $5.1 billion from taxpayers as it continues to suffer losses on loans made prior to 2009.

 

It was a low-down, no-good godawful bailout. But it paid.

It was a low-down, no-good godawful bailout. But it paid.

But you know what? The bailout, by the numbers, clearly did work. Not only did it forestall a worldwide financial meltdown, but a Fortune analysis shows that U.S. taxpayers are also coming out ahead on it — by at least $40 billion, and possibly by as much as $100 billion eventually. This is our count for the entire bailout, not just the 3 percent represented by the massively unpopular Troubled Assets Relief Program. Yes, that’s right — TARP is only 3 percent of the bailout, even though it gets 97 percent of the attention.

 

Shuttle cost: More than bailouts, less than war

At $196 billion, the amount of money taxpayers spent during the lifetime of the space shuttle program seems astronomical.

 

Taxpayer loss on auto bailout narrows

Taxpayer loss on auto bailout narrows

The government expects to recover more money than anticipated from the auto bailout as it pulls back financially from the sector, but taxpayers still face billions in potential losses, the White House said.

 

New Mexico’s Bet on Space Tourism Hits Economic Snag

New Mexico’s Bet on Space Tourism Hits Economic Snag

Gov. Susana Martinez has vowed to privatize Spaceport America, saying taxpayers have already paid their fair share.

 

Republicans: Halt taxpayer aid for Fannie, Freddie

House Republicans say it is time to end a costly federal bailout of Fannie Mae and Freddie Mac that has already cost taxpayers $150 billion.

 

Auto industry bailout working but taxpayers still $19 billion in the red

A congressional panel says taxpayers' estimated loss is down from $40 billion, and the three biggest recipients of bailout funds are heading toward financial stability. But whether the entire investment is recouped remains to be seen.

 

'Deadbeat' TARP banks on the rise

'Deadbeat' TARP banks on the rise

The Obama administration has begun monitoring the high-level board meetings of nearly 20 banks that received emergency taxpayer assistance but repeatedly failed to pay the required dividends, according to Treasury Department officials and documents. And it may soon install new directors on some of their boards.

 

What will the big new tax law mean for you?

It's the most significant new tax law in a decade, but what does it mean for you? Big savings for millions of taxpayers, more if you have young children or attend college, a lot more if you're wealthy.

 

Lawmakers optimistic about tax cut deal

Lawmakers optimistic about tax cut deal

Senior lawmakers said on Sunday they were optimistic about striking a deal to extend Bush-era tax cuts for all taxpayers and continue emergency jobless aid for millions of long-term unemployed Americans.

 

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