Is it the Economy or the Mortgage Crisis?
Posted by Deborah Kay Corey at 10:47 AM
It looks like saving Freddie Mac and Fannie Mae could cost lots and lots of money...fabulous.
NEW YORK (CNNMoney.com) -- The Congressional Budget Office on Tuesday estimated that a government plan to stabilize mortgage giants Fannie Mae and Freddie Mac could cost government coffers an average of $25 billion.
The CBO said it thinks there is probably a better than 50% chance that the Treasury would not need to step in. In addition, it said there is nearly a 5% chance that Freddie and Fannie's losses would cost the government $100 billion.
Wow, that's hot.
Continue reading "Is it the Economy or the Mortgage Crisis?" »
It looks like saving Freddie Mac and Fannie Mae could cost lots and lots of money...fabulous.
NEW YORK (CNNMoney.com) -- The Congressional Budget Office on Tuesday estimated that a government plan to stabilize mortgage giants Fannie Mae and Freddie Mac could cost government coffers an average of $25 billion.
The CBO said it thinks there is probably a better than 50% chance that the Treasury would not need to step in. In addition, it said there is nearly a 5% chance that Freddie and Fannie's losses would cost the government $100 billion.
Wow, that's hot.
Continue reading "Is it the Economy or the Mortgage Crisis?" »