Fannie Mae and Freddie Mac vs. the swelled mortgage deliquencies, sounds like a good fight.

Propping up Fannie Mae and Freddie Mac will cost taxpayers $154 billion up this  bill could end up much greater—nearly double the $135 billion already spent.   The projections by the Federal Housing Finance Agency, to rescue the mortgage-finance firms, which is on track to become the most expensive legacy of the 2008 financial crisis.  Fannie and Freddie would lose $6 billion over the next three years and they would still have to ask the government for 11 times that amount to make dividend payments.
Fannie and Freddie own or guarantee around half of the nation's $10.6 trillion in mortgages. While the Obama administration has said the $700 billion Troubled Asset Relief Program could ultimately cost taxpayers a fraction of the initial investment, the tab for Fannie and Freddie has swelled as mortgage delinquencies have mounted.  Federal policymakers have relied heavily on the firms to help st
abilize the housing sector, which together with the FHA have backed or bought nine in ten new loans this year, according to Inside Mortgage Finance.

See you at the top because we will help get you there.