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Experts estimate tab to bail out Fannie Mae, Freddie Mac at $25 billion
Published: 07/23/08   1:00 am
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A federal rescue of Fannie Mae and Freddie Mac could cost taxpayers $25 billion, congressional budget experts said Tuesday, as lawmakers put finishing touches on legislation that would tap the troubled mortgage giants’ profits to help save homeowners from foreclosure.

Congress is expected to vote as early as today on a housing measure that would give the Treasury Department authority to throw Fannie and Freddie a temporary lifeline.

 

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