Relevant:
- Freddie Mac Posts $5 Billion Profit, Second-Largest In Company History
- Check Out Janet Tavakoli's Presentation On Why Housing Finance Was Always "Fraud As A Business Model"
- Janet Tavakoli On Next Steps In The Foreclosure Scandal
- Interview: Janet Tavakoli Explains The Problem With Fannie and Freddie
- America in Worse Fiscal Shape than Detroit-Professor Laurence Kotlikoff (interview)
2011-01-15 — bloomberg.com
"The Federal Housing Financing Agency puts Fannie and Freddie’s losses at about $300 billion. But industry experts, like Janet Tavakoli, suggest the real number is closer to $700 billion. And if home prices fall another 20 percent to return to their long-term trend, the tab might climb to $1 trillion."
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