Taxpayers Taking a Hit in Struggles of Fannie Mae, Freddie Mac, and It Could Get Worse

Jim Angle 11/15/2010

When you see a foreclosure sign, chances are good that you, as a taxpayer, are on the hook for the costs involved because Congress has its very own money pit — federal guarantees of mortgages gone bad. And the official estimates for the damage put it at more than $300 billion.