n February 2012, the caretakers of Fannie Mae and Freddie Mac were absolutely sure that the federal government would never recoup the $188 billion it spent to take them over. “The Enterprises’ losses are of such magnitude that the companies cannot repay taxpayers in any foreseeable scenario,” asserted the Federal Housing Finance Agency’s strategic plan.
via Here’s how fast Fannie and Freddie are paying back the Treasury.
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