The Fannie & Freddie bailouts are coming! Ow!

[AztecWilliam]

Fannie Mae and Freddy Mac were deliberately left out of the recently passed financial "reform" act. To have included them would have been more than embarrassing.

Now, however, the Obama admin. cannot ignore those two giant turkeys, quasi-governmental bodies that had a lot to do with the financial meltdown of 2008. It's going to cost a bundle. A BIG bundle.

www.boston.com/bostonglobe/editorial_opinion/oped/articles/2010/08/13/one_more_bailout/

AzWm

[The Great Aztec Joe]

That and the massive default rate on Student Loans is going to hurt.

[aztecjake]

.....and the defaults on the credit cards as well as the small and mid-size business loans. Get ready for the ride.