Federal housing bailouts to rear it's head again

[BeachSiO2]

Breaking from the Washington Post...

The federal bailout for Fannie Mae and Freddie Mac could more than
double in size during the next three years, according to projections
from the Federal Housing Finance Agency.

The federally controlled mortgage giants will likely need at
least another $73 billion and perhaps as much $215 billion from
taxpayers in the next three years to meet their financial obligations.

 

[Miss Kitty]

That almost looks like one of your famous haikus!

 

[BeachSiO2]

That almost looks like one of your famous haikus!

You asked for it....

Billions on the way
Trillions on the horizon?
Printing press on high

 

[Matt J]

Lets just let them fail, what's the worst that could happen?

 

[Miss Kitty]

You asked for it....

Billions on the way
Trillions on the horizon?
Printing press on high

..that was priceless, but you will need to pay an entertainment tax on it.

 

[BeachSiO2]

..that was priceless, but you will need to pay an entertainment tax on it.

Only if I can get a tax rebate/write-off in the form of a drink with an umbrella in it. ;-)

 

[DuneAHH]

Lets just let them fail, what's the worst that could happen?

I'm with ya.
Two more GSEs mired to their hairlines in filth and fraud.

Evoke the Wilson Trap-door act.
FLUSH-woosh-and-away-we-go-Alice!