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Fannie, Freddie Could Cost Taxpayers $169 Billion Through 2012

First Posted: 02/14/11 05:47 PM ET Updated: 05/25/11 07:30 PM ET

Mortgage Giants Crisis

Bloomberg:

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: Bloomberg

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Filed by Ryan McCarthy  |