Thursday, November 6, 2008

Fannie Mae Follow Up

By the way............

As of 9/30/08, Fannie Mae guaranteed $2.592 trillion in mortgage loans.  In addition, their debt totaled $1.446 trillion.  Total mess: $4.038 trillion

For good measure, Freddie Mac guaranteed $1.834 trillion in mortgage loans and had $815 billion in debt outstanding.  Total mess: $2.649 trillion

Grand total mess: $6.687 trillion

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