Freddie, Fannie Keep on Stiffing U.S. taxpayers

FINANCIAL REFORM Freddie, Fannie keep on stiffing U.S. taxpayers Total Owed: $322 billion The U.S. Treasury has yet to see repayment of 62 percent of federal bailout funds. Although AIG still owes its entire $48 billion loạn, the insurance giant isn't the chief deadbeat. Freddie Mac and Fannie «Freddie & Fannie $145 billion (45% of total outstanding funds) Loaned $145 billion Repaid $0 billion Mae, the biggest mortgage finance companies, haven't paid back a cent of $145 billion. Banks and finan- (Auto companies Loaned $80 billion Repaid $11 billion $69 billion (21%) cial institutions, mean- while, made good on 75 percent of their loans. Banks/financial institutions $60 billion (19%) Loaned $245 billion Repaid $184 billion Notes: Figures as of July 19, 2010. Figures for auto companies include suppliers; figures do not include Toxic $48 billion (15%) (AIG Loaned $48 billion Repaid $0 billion Asset Relief and Foreclosure Relief projects. Source: Propublica.org and Heritage Foundation calculations. The Heritage Foundation FINANCIAL REFORM Freddie, Fannie keep on stiffing U.S. taxpayers Total Owed: $322 billion The U.S. Treasury has yet to see repayment of 62 percent of federal bailout funds. Although AIG still owes its entire $48 billion loạn, the insurance giant isn't the chief deadbeat. Freddie Mac and Fannie «Freddie & Fannie $145 billion (45% of total outstanding funds) Loaned $145 billion Repaid $0 billion Mae, the biggest mortgage finance companies, haven't paid back a cent of $145 billion. Banks and finan- (Auto companies Loaned $80 billion Repaid $11 billion $69 billion (21%) cial institutions, mean- while, made good on 75 percent of their loans. Banks/financial institutions $60 billion (19%) Loaned $245 billion Repaid $184 billion Notes: Figures as of July 19, 2010. Figures for auto companies include suppliers; figures do not include Toxic $48 billion (15%) (AIG Loaned $48 billion Repaid $0 billion Asset Relief and Foreclosure Relief projects. Source: Propublica.org and Heritage Foundation calculations. The Heritage Foundation FINANCIAL REFORM Freddie, Fannie keep on stiffing U.S. taxpayers Total Owed: $322 billion The U.S. Treasury has yet to see repayment of 62 percent of federal bailout funds. Although AIG still owes its entire $48 billion loạn, the insurance giant isn't the chief deadbeat. Freddie Mac and Fannie «Freddie & Fannie $145 billion (45% of total outstanding funds) Loaned $145 billion Repaid $0 billion Mae, the biggest mortgage finance companies, haven't paid back a cent of $145 billion. Banks and finan- (Auto companies Loaned $80 billion Repaid $11 billion $69 billion (21%) cial institutions, mean- while, made good on 75 percent of their loans. Banks/financial institutions $60 billion (19%) Loaned $245 billion Repaid $184 billion Notes: Figures as of July 19, 2010. Figures for auto companies include suppliers; figures do not include Toxic $48 billion (15%) (AIG Loaned $48 billion Repaid $0 billion Asset Relief and Foreclosure Relief projects. Source: Propublica.org and Heritage Foundation calculations. The Heritage Foundation FINANCIAL REFORM Freddie, Fannie keep on stiffing U.S. taxpayers Total Owed: $322 billion The U.S. Treasury has yet to see repayment of 62 percent of federal bailout funds. Although AIG still owes its entire $48 billion loạn, the insurance giant isn't the chief deadbeat. Freddie Mac and Fannie «Freddie & Fannie $145 billion (45% of total outstanding funds) Loaned $145 billion Repaid $0 billion Mae, the biggest mortgage finance companies, haven't paid back a cent of $145 billion. Banks and finan- (Auto companies Loaned $80 billion Repaid $11 billion $69 billion (21%) cial institutions, mean- while, made good on 75 percent of their loans. Banks/financial institutions $60 billion (19%) Loaned $245 billion Repaid $184 billion Notes: Figures as of July 19, 2010. Figures for auto companies include suppliers; figures do not include Toxic $48 billion (15%) (AIG Loaned $48 billion Repaid $0 billion Asset Relief and Foreclosure Relief projects. Source: Propublica.org and Heritage Foundation calculations. The Heritage Foundation FINANCIAL REFORM Freddie, Fannie keep on stiffing U.S. taxpayers Total Owed: $322 billion The U.S. Treasury has yet to see repayment of 62 percent of federal bailout funds. Although AIG still owes its entire $48 billion loạn, the insurance giant isn't the chief deadbeat. Freddie Mac and Fannie «Freddie & Fannie $145 billion (45% of total outstanding funds) Loaned $145 billion Repaid $0 billion Mae, the biggest mortgage finance companies, haven't paid back a cent of $145 billion. Banks and finan- (Auto companies Loaned $80 billion Repaid $11 billion $69 billion (21%) cial institutions, mean- while, made good on 75 percent of their loans. Banks/financial institutions $60 billion (19%) Loaned $245 billion Repaid $184 billion Notes: Figures as of July 19, 2010. Figures for auto companies include suppliers; figures do not include Toxic $48 billion (15%) (AIG Loaned $48 billion Repaid $0 billion Asset Relief and Foreclosure Relief projects. Source: Propublica.org and Heritage Foundation calculations. The Heritage Foundation FINANCIAL REFORM Freddie, Fannie keep on stiffing U.S. taxpayers Total Owed: $322 billion The U.S. Treasury has yet to see repayment of 62 percent of federal bailout funds. Although AIG still owes its entire $48 billion loạn, the insurance giant isn't the chief deadbeat. Freddie Mac and Fannie «Freddie & Fannie $145 billion (45% of total outstanding funds) Loaned $145 billion Repaid $0 billion Mae, the biggest mortgage finance companies, haven't paid back a cent of $145 billion. Banks and finan- (Auto companies Loaned $80 billion Repaid $11 billion $69 billion (21%) cial institutions, mean- while, made good on 75 percent of their loans. Banks/financial institutions $60 billion (19%) Loaned $245 billion Repaid $184 billion Notes: Figures as of July 19, 2010. Figures for auto companies include suppliers; figures do not include Toxic $48 billion (15%) (AIG Loaned $48 billion Repaid $0 billion Asset Relief and Foreclosure Relief projects. Source: Propublica.org and Heritage Foundation calculations. The Heritage Foundation