WASHINGTON, DC-The Obama government will discuss the future ofFannie Mae and Freddie Mac next Tuesday at a public conference. Inthe third quarter of the financial year, Freddie and Fannietogether have posted a loss of $9 billion, and it will require anestimated $148 billion just to stay afloat.
The dilemma is that while saving the two would cost the taxpayers billions, if the government backs out, home buyers would beaffected dearly. For the full story, go to The Detroit Free Press.
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