As documented on zreport, the bailout of these companies will cost taxpayers from $153 billion to $1 trillion.
Do you, the taxpayer, think it is right for you to have to subsidize their horrendous business practices?
You, who may only be paying rent or perhaps struggling to pay your own mortgage, are having to pay for other peoples’ mortgages and for the incompetent executive salaries and bonuses at these companies!
Fannie, Freddie bailout: $153 billion … and counting
Fannie-Freddie Bailout Could Cost Taxpayers $1 Trillion
Fannie and Freddie own about half of all mortgages in the US at a huge loss!
Should the government have just let them file bankruptcy instead of bailing them out?