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To: patron_anejo_por_favor who wrote (212117)	7/23/2009 5:44:46 PM
From: Giordano Bruno	Read Replies (2) \| Respond to of 306849

Treasury continues to assume taxpayers are stupid huffingtonpost.com

To: patron_anejo_por_favor who wrote (212117)	7/23/2009 5:44:46 PM
From: Giordano Bruno	Respond to of 306849

7/23/2009 - Federal bailouts of Fannie Mae (NYSE:FNM) and Freddie Mac (NYSE:FRE) may turn out to be the most expensive and most complicated of any federal bailout, according to a CNN report. Since Congress granted the Treasury to do what it must and inject sufficient capital into the firms, Fannie has received $34.2 billion and Freddie has gotten $51.7 billion in bailout money. Even though that is less than the $117.5 billion given to AIG (NYSE:AIG), and the $200 billion dolled out under TARP, the totals are significantly higher than the original estimate. Congress originally said it would probably cost taxpayers $25 billion, with a 5% chance of reaching $100 billion. The report cited Keefe, Bruyette & Woods analyst Bose George as saying, "We're assuming they each will cross the $100 billion mark fairly soon. They could be hitting the $200 billion barrier by the end of next year."