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The Price Tag for Fannie Mae and Freddie Mac Would Bankrupt Most People!

By Joseph McDaniel, Esq.

Bailouts are interesting; some people like them, some hate them.

One this is certain; bailouts seem to cost a lot of money.


Here are the numbers for bailing out Fannie Mae and Freddie Mac, so far; it makes you wonder whether it would make more sense to let them file...you know, bankruptcy!

And it gives you a taste of how much it may cost if we have to bail out insolvent States, which is one reason I'm moderately inclined to let States file bankruptcy; it will cost far too much to bail them out, and most of them seem incapable of not spending!

Do you think the States might need consumer credit counseling?

Full post as published by Arizona Bankruptcy Attorney Blog on February 11, 2011 (boomark / email).