U.S. Losses on Fannie, Freddie May Be $300 Billion, Poole Says

Sept. 7 (Bloomberg) — William Poole, former president of the Federal Reserve Bank of St. Louis, said taxpayers may face a $300 billion bill to revive Fannie Mae and Freddie Mac, the mortgage giants being taken over by the Federal government.“I would not be surprised if their total losses aggregate about 5 percent of their [...] continue reading the breaking news