WASHINGTON - A federal rescue of troubled mortgage giants Fannie Mae and Freddie Mac could cost taxpayers as much as $25 billion, Congress’ top budget analyst said Tuesday.
But Peter R. Orszag, director of the Congressional Budget Office, predicted in a letter to lawmakers that there’s a better than 50 percent chance the government will not have to step in to prop up the companies by lending them money or buying stock.
Read more
No comments:
Post a Comment