Defending Fannie Mae and Freddie Mac Hits $160 Million
So what does it cost the government to defend against civil lawsuits for fraud filed by taxpayers against Fannie Mae and Freddie Mac since Uncle Sam took them over? So far, more than $160 million! That’s right everyone…$160 million.
According to the Denver Post, the government’s lawsuit defense was a closely guarded secret until just a couple of weeks ago when the companies and their regulator produced an accounting at the request of More...
