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See this...
“Only 342 households to date have benefited from a program that pays banks incentives to complete so-called short sales — when the bank allows the borrower to sell their home for less than they owe on the mortgage. And only 21 homeowners have received help paying down second mortgages.”
Another way we end up picking up the tab for the banks yes only a very small number on this program but add it to the billions lost on AIG, billions lost on CIT and the toxic waste dumped on Fannie/Freddie and pretty soon it add’s up to real money.
The department in that retrospective estimated the $700 billion TARP program would end up costing taxpayers about $50 billion and once the government sold its AIG shares, the cost would drop to about $30 billion.
http://www.cnbc.com/id/39836223
Taxpayers Lose $2.3 Billion with CIT Bankruptcy
http://www.propublica.org/article/taxpayers-lose-2.3-billion-with-cit-bankruptcy
U.S. taxpayers could be on the hook for up to another $215 billion in aid to housing finance giants Fannie Mae (OTC BB:FNMA.OB - News) and Freddie Mac (OTC BB:FMCC.OB - News) through 2013, their regulator said on Thursday.
The companies, which were seized by the federal government in September 2008 to save them from collapse, will likely have total capital needs of between $221 billion and $363 billion through 2013, the Federal Housing Finance Agency estimated.
http://finance.yahoo.com/news/Fannie-Freddie-may-need-215-rb-2323937639.html?x=0