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

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.
Comments (4)
  • For comparison purposes what has been the drain of the War in Iraq
    on taxpayers???
    22 Feb 2012, 06:22 AM Reply Like
  • 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
  • "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
  • So the taxpayers are paying the legal expenses?
    22 Feb 2012, 03:46 PM Reply Like
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