True Cost of Fannie, Freddie Bailouts: $317 Billion, CBO Says

True Cost of Fannie, Freddie Bailouts: $317 Billion, CBO Says...The Congressional Budget Office (CBO) says the real cost of the federal government guaranteeing the business of failed mortgage giants Fannie Mae and Freddie Mac is $317 billion -- not the $130 billion normally claimed by the Obama administration.

http://www.cnsnews.com/news/article/true-cost-fannie-freddie-bailouts-317-bi

Fannie Mae seeks $8.5 billion more in federal aid

Fannie Mae seeks $8.5 billion more in federal aid...The total cost of rescuing the government-controlled mortgage buyer is nearing $100 billion - the most expensive bailout of a single company..Combined with the bailout of sibling company Freddie Mac, the government expects their rescue to cost taxpayers about $259 billion..Fannie and Freddie buy home loans from banks and other lenders, package them into bonds with a guarantee against default and sell them to investors around the world.

http://hosted.ap.org/dynamic/stories/U/US_EARNS_FANNIE_MAE?SITE=AP&SECTION=HOME&TEMPLATE=DEFAULT&CTIME=2011-05-06-16-58-01

AZ Rep. Schweikert introduces bill that prohibits Fannie Mae and Freddie Mac from engaging in new activities

AZ Rep. Schweikert introduces bill that prohibits Fannie Mae and Freddie Mac from engaging in new activities...This bill is only part of the first of three phases that House Republicans plan to unveil to responsibly unwind the biggest bailout recipient in U.S. history.

http://www.sonorannews.com/archives/2011/110330/frontpage-fannie.html

Fannie Mae/Freddie Mac: Govt.-Bailed Mortgage Cos Paid Execs $35.4 Mil

Fannie Mae/Freddie Mac: Govt.-Bailed Mortgage Cos Paid Execs $35.4 Mil... The Obama Administration is fighting hard to keep the information secret, especially documents regarding Fannie and Freddie’s political campaign contributions and policies relating to such contributions.

http://www.judicialwatch.org/blog/2011/apr/govt-bailed-mortgage-cos-paid-execs-35-4-mil

House panel chief plans May vote on Fannie Mae, Freddie Mac

House panel chief plans May vote on Fannie Mae, Freddie Mac..The House Financial Services Committee plans to vote in early May on a bill to wind-down Fannie Mae and Freddie Mac within five years, Representative Spencer Bachus, the panel's chair, said on Thursday. That move would mark another shift in strategy among House Republicans about what to do with the two largest providers of funding for the $10.6 trillion U.S. residential mortgage market

http://townhall.com/news/politics-elections/2011/03/31/house_panel_chief_plans_may_vote_on_fannie_freddie

Fannie and Freddie Hiding Over $100 Billion of Losses?

Fannie and Freddie Hiding Over $100 Billion of Losses?

http://www.nakedcapitalism.com/2011/03/fannie-and-freddie-hiding-over-100-billion-of-losses.html