Fannie Mae lost $11.5 billion in the first quarter while Freddie Mac lost more than $6.7 billion. After posting those massive losses, they asked for a combined additional sum of nearly $20 billion in government assistance. … made billions by creating, selling, and risk swapping trillions in bad mortgages, and now American taxpayers are on the hook for the worst of the losses, in addition to saving the bad banks with bailouts. This is the greatest scam ever perpetrated. …

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Fannie and Freddie Still Bleeding | News Gangster