Taxpayers take on trillions in risk in Fannie, Freddie takeover

USA TODAY WASHINGTON - The unprecedented federal takeover of mortgage giants Freddie Mac and Fannie Mae announced on Sunday is a bold attempt to stabilize financial markets and restore the faltering housing market, but it thrusts trillions of dollars of risk directly onto taxpayers’ shoulders.“You can call it a bailout, you can call it a [...] continue reading the breaking news