Fannie Mae, Freddie Mac could cost as much as $1 trillion

06/14/2010 | Bloomberg Businessweek

Fannie Mae and Freddie Mac, which are 80% owned by the government, have drawn $145 billion from their line of credit with the Treasury. The mortgage giants are expected to continue drawing on the credit line, with the cost being calculated in the range between $160 billion and $1 trillion, depending on the economy and other factors.

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