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Saturday, September 07, 2019 1:21:26 AM
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The Bailout Cost to Taxpayers
According to an independent economic group, the Shadow Open Market Committee (SOMC), keeping the two agencies afloat cost taxpayers US$187 billion over time as the Treasury paid $116 billion for Fannie and $71 billion for Freddie.
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FNMA + FMCC have 1.8B outstanding shares. When we get $115B back, that means $64 CASH on each share with none of PE consideration. That is HUGE!
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