04/29/2009 - Move over, TARP.
The government takeover of mortgage companies Fannie Mae and Freddie Mac could end up being more expensive than the Troubled Asset Relief Program, according to an analysis by Subsidyscope, an initiative of The Pew Charitable Trusts.
Fannie and Freddie could require $290 billion in subsidies this year, and an additional $99 billion over the coming decade. That comes on top of a nearly $108 billion loss in 2008.
Read the full posting Fannie/Freddie Takeover: More Expensive Than TARP? on the Wall Street Journal's Web site.