And we have to pay their legal bills too..

[south]

Since the government took over Fannie Mae and Freddie Mac, taxpayers have spent more than $160 million defending the mortgage finance companies and their former top executives in civil lawsuits accusing them of fraud. The cost was a closely guarded secret until last week, when the companies and their regulator produced an accounting at the request of Congress.

Bailing them out wasn't enough apparently.

[Gerry]

Dude, the money spent on legal representation or investigations has always been outrageous.

Look up how much money Kenneth Starr and his team got paid to investigate Bill Clinton and Hillary Clinton and Whitewater.


In regards to Fannie Mae and Freddie Mac - it is not surprising at all. The execs being investigated are actually Civil Servents, aka Government Employees.

It has not been that long since the laws were chanced allowing civilian courts to file suit against US Government employees and branches of Government.

[south]

Agreed. I'm just whining..

I think they should be in criminal court after civil court personally.

[Arrogance]

Any chance of a future reimbursement?