That swirling sound you hear is $400 billion going down the toilet. US Taxpayers are going to lose $400 billion on the bailout of Fannie Mae and Freddie Mac. Exactly what did taxpayers get for this bailout?
Dec. 31 (Bloomberg) -- Taxpayer losses from supporting Fannie Mae and Freddie Mac will top $400 billion...
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But look at the bright side! Thousands of irresponsible homeowners continue to live high on the hog and the irresponsible mortgage brokers who enable them are probably enjoying a wonderful vacation in some warm exotic climate.
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