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Home › Forums › Financial Markets/Economics › Fed claims $13B profit on lending facilities › Yeah dude, cut back! Anyways,

February 17, 2011 at 12:57 PM #668270
Diego Mamani
Participant

Yeah dude, cut back!

Anyways, the $13B pales in comparison to the money that we (taxpayers) will lose with Fannie and Freddie. We’ve already lost close to $150 BILLION, and we stand to lose another $160 billion to $1 trillion, according to conservative estimates:

http://www.bloomberg.com/news/2010-06-13/fannie-freddie-fix-expands-to-160-billion-with-worst-case-at-1-trillion.html