Originally Posted by e1618978
What do you know, it is a trillion dollar bailout (750 billion Euros). And US taxpayers are paying 65 billion of it as part of the $400 billion IMF contribution.
And Freddie just asked for 10.6 billion and Frannie just asked for 8.4 billion
60 Minutes aired a feature how to walk away from your mortgage, now everyone wants to do it.
600,000 defaults from the GSE´s in January 2010 alone vs 300,000 from the private sector.
Thank you Congress for doing such a wonderful job socializing the sub-prime housing market, sure your going to do a wonderful job with health care too. *rolls eyes*
Google ¨Section 9006 of the health care bill CNN money¨ for another surprise.