Well, Congress’ top budget analysts are now saying that the cost of bailing Fannie Mae and Freddie Mac out of deep water is going to cost taxpayers close to $25 Billion!
While the Director of the Congressional Budget Office predicts the government will not have to step in and prop up the companies, it is seen as a possibility that the US Treasury will have to step in and pony up $100 Billion to cover the losses of both institutions. It is estimated that the $25 Billion is what will have to be added Federally to keep the two companies afloat and help maintain the speed needed to emerge from this housing correciton.