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Fannie, Freddie Could Cost Taxpayers $169 Billion Through 2012

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Taxpayer aid to Fannie Mae and Freddie Mac will reach $224 billion by the end of 2012, of which $55 billion will be returned in dividends to the U.S. Treasury, according to President Barack Obama's 2012 budget.

By 2013, the government-owned mortgage companies will be profitable enough to "pay part, but not all" of their dividend payments from earnings, according to the budget released today.

Read the whole story at Bloomberg

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