Market Currents

With no end in sight to Fannie and Freddie's drain on taxpayers, the two mortgage giants need to...

Wednesday, February 22, 2012, 6:13 AM ET
With no end in sight to Fannie and Freddie's drain on taxpayers, the two mortgage giants need to rein in their rising legal costs, according to a watchdog report (.pdf) released today. At present, Fannie and Freddie are spending tens of millions of dollars defending former execs facing private lawsuits and government investigations.

This Market Current was sent to 2,317 people who get email alerts on FNMA.OB.

Get email alerts on FNMA.OB »

Share this Market Current

Short URL:

Track new comments on this story

This news story has 4 comments:

bbro Comments (7847)

For comparison purposes what has been the drain of the War in Iraq
on taxpayers???

22 Feb 2012, 06:22 AM Reply Like

richardcavessa Comments (260)

lolbro: big money seems to think they can scare the government like they crush the average citizen.....

first time seeing this thread, but for a laugh...Target says
it needs $5 million from Denver or it will abandon Tamarac Square site, If
approved, the $5 million reimbursement for site improvements will not be
passed down to shoppers at the proposed Target store the plan is for Target
to spend $20 million to develop the site for a 135,000-square-foot store

29 Feb 2012, 03:05 PM Reply Like

sr1977 Comments (318)

"The FHFA has said it is necessary to cover legal expenses for Fannie Mae and Freddie Mac CEOs in order to attract and retain its skilled work force."

wow.

22 Feb 2012, 06:43 AM Reply Like

Poor Texan Comments (3489)

So the taxpayers are paying the legal expenses?

22 Feb 2012, 03:46 PM Reply Like

LATEST|

TODAY SO FAR|

YESTERDAY

Other date

DJIA (DIA) S&P 500 (SPY)