Saturday, September 29, 2012

Adding Up the Government’s Legal Bills for Fannie and Freddie

The New York Times reports:
The government’s takeover of the mortgage giants Fannie Mae and Freddie Mac in 2008 may turn out to be a very expensive proposition. The bailouts of the two have already cost taxpayers about $185 billion. And it appears that the legal fees from lawsuits involving former executives from the two companies continue to pile up.
You pay and pay and pay for these criminals.