Saturday, March 23, 2013

Fannie Mae, Freddie Mac to repay U.S. sooner

``Fannie Mae and Freddie Mac were seized by the government at the height of the financial crisis in 2008 as mortgage losses threatened their solvency. Since then, they have drawn about $188 billion in taxpayer funds to stay afloat, while paying about $58 billion to the Treasury in dividends.''

Source: http://ml-implode.com/staticnews/2013-03-21_FannieMaeFreddieMactorepayUSsooner.html

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