Fannie, Freddie reform won't halt more huge taxpayer losses - Feb. 11, 2011: "NEW YORK (CNNMoney) -- When the dust settles, the federal bailout of Fannie Mae and Freddie Mac will be the most expensive government rescue of the financial crisis -- it already stands at $153 billion and counting."
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The Obama administration is considering ways to have private corporations take over most of what Fannie and Freddie are doing, which right now amounts to backing up 90% of the housing market. Good luck. This is going to be a major challenge.
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