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$700B is the tip of the iceberg. With Fannie Mae and Freddie Mac, US taxpayers are now on the hook for paying off $5T in mortgage bonds. And add to that the unk
by stevedekorte 18y ago
$700B is the tip of the iceberg. With Fannie Mae and Freddie Mac, US taxpayers are now on the hook for paying off $5T in mortgage bonds. And add to that the unknowns on AIG's balance sheet which may run into the trillions as well.