Are Fannie Mae and Freddie Mac Headed for a New $157 Billion Bailout?
Motley Fool - May 8, 2015 - May 11, 2015
By Matthew Frankel
Fannie Mae (NASDAQOTCBB: FNMA ) and Freddie Mac (NASDAQOTCBB: FMCC ) were recently stress-tested, and the results were discomforting to say the least. It was found that in another major recession, the lack of capitalization at the agencies could create the need for another bailout of up to $157.3 billion from U.S. taxpayers.
While this is definitely troubling, it may be the wake-up call lawmakers need to finally figure out what to do with Fannie and Freddie. Here’s why the agencies could be headed for trouble, and what the government could do about it.
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